I've been offered a chance to invest in funding equipment leases.
While researching the field, I haven't found anyone that can (or will)
explain
how to convert lease rates or money factors to interest rates.
I an manually plugin and change an interest rate in a mortgage program
until the
interest rate provides the same payment, but now I'm really curious about
how
lease firms determine the money factor.
Is it a basic equation, or something more advanced?
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