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  • Payment for a leasing contract

    I am looking for an algorithm to calculate the payment for a loan per month (PMT) with a future value of investment added.

    For a simple PMT I have the algorithm as:

    pmt = Math.round(pv * (ra / (1 - (1 / Math.pow(1+ra,mo)))))

    where:

    pv = present value
    ra = interest rate/month (which is interest rate per year/1200)
    mo = number of payments (number of months)

    My accounting knowledge ends here.

    Now I need to include in this algorithm the future investment (say fv) to calculate the new PMT (in fact first PMT, as in this case th PMT floats from a month to another because the rate floats also, I was told...) for a leasing contract.

    Has anyone of you did such a thing? Or even know where I could find the math algorithm somewere, please?
    KOR
    Offshore programming
    -*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*

  • #2
    No one here ever bought something in leasing ?
    KOR
    Offshore programming
    -*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*

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    • #3
      Hooray, I found it

      Great, found it. So, if you might ever need it, you'll find it here:

      http://rutcor.rutgers.edu/~alizadeh/...eworks/hw1.pdf
      KOR
      Offshore programming
      -*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*

      Comment

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