TVM Solver Day 2. What will the monthly payment be if you lease a car for 36 months with a present value of $26,000 and a value of $18,500 after the three.

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Presentation transcript:

TVM Solver Day 2

What will the monthly payment be if you lease a car for 36 months with a present value of $26,000 and a value of $18,500 after the three years given the dealer charges a leasing fee of 6.8%

Down Payment  What will be the total amount of the lease? If you leased a car for 60 months with a present value of $40,000 and a value of $30,000 after the five years given the dealer charges a down payment of $3,000 and a leasing fee of 4.5%?

Depreciation  You are going to lease a car for 36 months. The car is currently valued at $27,000 and is predicted to be worth $20,000 in three years. The leasing company charges a 3.7% APR leasing fee. Find the amount of depreciation, monthly payment and total cost to lease.

All in One Buy Present Value $35,499 Interest Rate 2.3% Down Payment $3,000 Term60 Months Depreciatio n 13% per year What is the total cost? What will the car be worth when you have 100% equity?