Need FORMULA to calcuate lease

DavidBird

New Member
Joined
Sep 6, 2006
Messages
4
Hi Folks...need a little help.

I'm looking for a formula that will calculate a lease payment.

The variables are:
Price
Residual Value (Future Value)
Term (In years)
Payment Frequency (Annual or Semi - IN ADVANCE)
Interest Rate
Payment

Any assistance would be greatly appreciated.

Regards - David Bird
 

Excel Facts

Excel Joke
Why can't spreadsheets drive cars? They crash too often!
( (price - residual value) * (1 + (interest/100)) ) / term =
payment per year

Do you mean something like this? rename the variables with cell names and youre done.
 
Upvote 0
Hummm....
I entered the formula in the "payment" cell but it STAYS in the cell, in other words the payment cell displays the formula ?
Any suggestions?
Thanks - db
 
Upvote 0
Put an = in front of the formula

=( (price - residual value) * (1 + (interest/100)) ) / term

If that does not work, make sure the cell is not formatted to Text.

Hope it helps

Richard
 
Upvote 0

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