On May 3, 11:39 am, Joe <JoSc...@[EMAIL PROTECTED]
> wrote:
> 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.
Money Factor = Interest Rate /24
P = Principle
R = Annual Interest Rate
N = Number of Monthly Payments
L = Residual (R is already taken)
M = Monthly Payment
MF = Money Factor
M = (P - L)/N + (P + L)*R/24
M = (P - L)/N + (P + L)*MF
Oooh, that was mysterious.
Happy Leasing!
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