|
Lease
Factors
for
annual payments due in advance
(10% Assumed Residual)
| Lease
Term |
Factor |
| 3
years - 8.00% |
.33076 |
| 4
years - 8.25% |
.26004 |
| 5
years - 8.50% |
.21834 |
Example:
Tractor purchase for $50,000, 3 year lease,
10% residual.
$50,000
X .33076 = Three annual payments of $16,538.00
per year with the first payment due in advance.
The 10% assumed residual on the lease would
be due in year three, calculated at 10%
X $50,000, or $5,000.
|
