What types of lease calculations does ALMSys® know about?
There are currently three calculations that ALMSys® performs: • Standard – This calculation is promintent in most leasing software. This would calculate a monthly payment (before taxes) of 315.18, given that the total capitalized costs are 20,000; the lease end value is 12,000.00; the interest rate is 7%; and the term is 36 months • Spreadsheet – This calculation returns a base payment of 317.02 for the same values. It is called the Spreadsheet Calculation because most spreadsheet programs have a built-in Pmt function that uses this calculation as well. • Money Factor – This calculation returns a base payment of 289.42, given that the total capitalized costs are 20,000.00; the lease end value is 12,000.00; the money factor is 2.1 (.0021); and the term is 36 months.
