I ran across this today while doing some updates. This link will tell you what the interest rate is on a copier or MFP lease.
Use scenario #2 for figuring the interest rate.
Remember to use 20% of the purchase price in the residual value area if you are fuguring a Fair Market Value lease. If you plan on returning the equipment at the end of the term, enter zero for the residual value slot.
If you are calculating a one dollar purchase option, then enter $1.00 in the residual value slot.
Enter the purchase price of the equipment, then the term of the lease and the payment that was quoted to you with out tax.
When finished hit the calculate button!
Here's the link Lease Calculator
Enjoy!
Art Post
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