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- A car can be purchased by paying $27 000 now or can be leased by paying $725 per month for the next four years, with the first payment due on the day of signing lease. What nominal rate of interest is charged on the lease?A vehicle can be purchased by paying $18,000 now, or it can be leased by paying $515 per month for the next three years, with the first payment due on the day of signing the lease. What nominal annual rate of interest compounded monthly is charged on the lease?A retail tenant signed a lease agreeing to pay $12.00/SF in base rent plus 3% of sales over a breakpoint of $1.8 million. If the retailer has $6.0 million in sales this year, how much will that retailer have to pay in percentage rent?
- The price of a new car is $24,995. The dealership offers a lease proce of $350 per month for 5 years with a $2000 down payment. Determine the average cost per month iver the lifetime of the lease.credit union entered a lease contract valued at $5000. The contract provides for payments at the end of each quarter for 5 years. If interest is 5.1% compounded quarterly, what is the size of the quarterly payment? Question content area bottom Part 1 The payment is $enter your response here. (Round the final answer to the nearest cent as neededA luxury car can be leased for $679 per month for 36 months. Terms are first month’s lease payment, a $625 refundable security deposit, a consumer down payment of $3500, and an acquisition fee of $725 due at lease signing. Tax, license, title fees, and insurance extra. Option to purchase at lease end for $37,775 plus a fee of $350.Mileage charge of $0.20 per mile over 30,000 miles. Determine the interest rate (nominal and effective) for the lease. The MSRP is $64,025. You could buy the car for $58,000, if you arranged other financing.
- Given the following information, calculate the effective monthly rent payment. Lease Term: 10 years, Concession: 1 year free rent to be spread over the term of the lease, Rental Space: 5000 square feet, Rental Rate: $35 per square foot per year, Landlord's discount rate: 9%. Excel link: Excel Sheet.xlsx $5,687 $10,689 $7,081 $12,471McGee Leasing leased a car to a customer. McGee will receive $300 a month,at the end of each month, for 36 months. Use the PV function in Excel® to calculate the asnwers to the following questions1. What is the present value of the lease if the annual interest rate in the lease is 18%?2. What is the present value of the lease if the car can likely be sold for $6,000 at the end ofthree years?Find the interest paid on a 3-year lease for a $28,867 car if the car depreciates at an annual rate of 11% and the lease has an annual interest rate of 4.8% Round your answer to the nearest dollar.
- An installment contract for the purchase of a car requires payments of $217.43 at the end of each month for 6 years. Interest is 6% per annum compounded monthly. (a) What is the amount financed? (b) How much is the interest cost? Question content area bottom Part 1 (a) The amount financed is $enter your response here. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Part 2 (b) The interest is $enter your response here. (Round the final answer to the nearest cent as needed.A fully amortizing CAM loan is made for $132,000 at 6 percent interest for 20 years. Required: a. What will be the payments and balances for the first six months? b. What would payments be for a CPM loan? c. If both loans were repaid at the end of year 5, would the lender earn a higher rate of interest on either loan? Complete this question by entering your answers in the tabs below. Required A Required B Required C What will be the payments and balances for the first six months? (Round your intermediate calculations and final answers to the 2 decimal places.) Month 1 Month 2 Month 3 Total Payment End BalanceFind the interest paid on a 3-year lease for a $26,765 car if the car depreciates at an annual rate of 10% and the lease has an annual interest rate of 4.8%.