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Example: Effect on Monthly Payment of Changing the Gross
Capitalized Cost
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This example shows how changing the gross capitalized cost affects the
other lease amounts. |
| Monthly Payment Calculation | $23,050 Cap Cost |
$22,300 Cap Cost |
$19,800 Cap Cost |
|---|---|---|---|
| Gross capitalized cost | $23,050 | $22,300 | $19,800 |
| Capitalized cost reduction | $3,500 | $3,500 | $3,500 |
| Adjusted capitalized cost | $19,550 | $18,800 | $16,300 |
| Residual value | $12,350 | $12,350 | $12,350 |
| Depreciation and any amortized amounts | $7,200 | $6,450 | $3,950 |
| Rent charge | $5,423 | $5,295 | $4,870 |
| Total of base monthly payments | $12,623 | $11,745 | $8,820 |
| Number of lease payments | 48 | 48 | 48 |
| Base monthly payment | $262.97 | $244.69 | $183.76 |
| Return |