Bill’s Accounting is taking out a lease on $2,000 worth of equipment and office furniture?

post Category: Equipment Leasing — admin @ 2:22 am — post
postApril 24, 2009

Bill’s Accounting is taking out a lease on $2,000 worth of computing equipment and office furniture, over a two year period. The bank charges 8.25% interest annually. Compute the interest paid and the total amount paid for the lease.

Interest = principal x rate x time. In this case,

Interest = $2,000 x 0.0825 x 2 = $330

Total amount paid is $2,000 + $330 = $2,330

powered by Yahoo Answers

« Your Home Based Internet Business Away From Home
IT Leasing, Business leasing, Leaseback , Office Equipment Lease »

1 person has left a comment

#1

Interest = principal x rate x time. In this case,

Interest = $2,000 x 0.0825 x 2 = $330

Total amount paid is $2,000 + $330 = $2,330
References :

capwest5a wrote on April 24, 2009 - 7:38 am
You can leave a response, or trackback from your own site.

Write Your Comment

Comment Guidelines: Basic XHTML is allowed (a href, strong, em, code). All line breaks and paragraphs will be generated automatically.

You should have a name, right? 
Your email address, I promised I won't tell it to anyone. 
If you have a web site or blog, you can type the URL right here. 
This is where you type your comments. 
Remember my information for the next time I visit.