Need Help - Effective rate on Lease payments

ORTexan

New Member
Joined
Feb 8, 2005
Messages
9
Need help here...have sketchy data so far, but what is:

Value of Lease: $1M
Payments: $31k/month with a deposit paid up front.
Term: 36 months.

How would I get to an effective interest rate?
 

Excel Facts

Get help while writing formula
Click the italics "fx" icon to the left of the formula bar to open the Functions Arguments dialog. Help is displayed for each argument.

ORTexan

New Member
Joined
Feb 8, 2005
Messages
9
D'oh, yes, that was easy. On wrinkle on this is that there is a downpayment up front, and then the last payment and a half are absorbed by it. Probably a relatively minor impact on the rate calc though.
 

Forum statistics

Threads
1,175,513
Messages
5,897,869
Members
434,683
Latest member
bberrevoets

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Top