This calculator computes the effective interest rate based on a known payment amount, lease amount, residual amount, and lease term.
Lease amount
Payment amount
Residual amount
Lease term
MonthsYears
Number of advance payments
Show payment schedule
Your effective lease rate is 9.078 %.
Calculator tips
This calculator uses Monthly compounding and Monthly payment frequency.
The residual principal and interest are adjusted to account for rounding.
Calculator disclaimer
The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.
Presented by TimeValue Software ©2008
Enable this calculator on your website. Our online calculators integrate right into your existing website automatically. Customize your calculators with the style and look of your site while promoting your own products and services. Add a contact form, and use the calculators as an online lead generator.
Or give us a call at (800) 426 - 4741. We will show you how calculators are being used in a website for a business similar to yours.