This is the main page of the program. It is used to input the key values that are required in the deal calculation.

At the bottom of the screen is the

In the Base Values area, input 4 out of the 5 required values and press the Calculate button. The required input fields are defined as follows:

Normally, you would input fields 1-4 and then calculate the payment. Lease Calc Pro allows you to reverse calulcate ANY of the 5 fields simply by providing the other required 4 fields. (You must zero out the field which you wish to calculate. Otherwise, the

Lease Calc Pro knows how to do two different calculation formulas. These formulas are the most common calculation formulas.

This is the most common calculation, which may or may not include interest as part of the first payment. Traditionally, this is used when payments are made at the beginning of each payment period. "Standard" and "Standard with Interest" types utilize this calculation. (The difference between the two is that Standard has no interest in payment one of the amortization schedule.)

Standard is a present value of annuity due calculation, and uses the following formula:

((( cap - ( ev / (( 1 + rate )^term ))) * rate ) / ( 1 - (( 1 + rate )^-term ))) / ( 1 + rate )

Where:

Net capitalized cost: 20,000.00

End value (residual/balloon): 11,000,00

Interest Rate: 7.5%

Term: 36 months

Resulting base monthly payment: 346.54

This is close to a loan calculation with interest calculated at the end of the payment period. The following formula is used:

( cap - ( ev / (( 1 + rate )^term ))) / (( 1 - ( 1 / (( 1 + rate )^term ))) / rate )

Total capitalized cost: 20,000.00

End value (residual/balloon): 11,000,00

Interest Rate: 7.5%

Term: 36 months

Resulting base payment: 348.71

If the first payment is to "rolled" (capitalized) into the

The default is monthly, but you may choose from any of the frequencies listed.

This mainly affects the transfer to other applications.

Taxes rates are input as percentages. For example, 8.25% is input as 8.25.

Taxes are either accumulative (U.S.) or not (Canada). For example, in Milwaukee, Wisconsin, the 2010 monthly tax rate is 5.6%. The 5.6% is broken down as 5% state tax, 0.5% Milwaukee county tax, and 0.1% stadium tax. The state of Wisconsin requires that these taxes are reported separately in their broken down components. So, you would input 3 tax percentages; 5, 0.5, and 0.1, all with their

An example of non-accumulative taxes can be found in Canada. Ontario, for example, has a Provincial Sales Tax of 8%. The Goods and Services tax in Canada is 5%. Each tax is calculated separately, rather than added together as 13%. In this case you would input two tax percentages of 8 and 5, each with their

If you are using GST and PST, then you should take advantage of the

(Note: If you are using HST in Canada, please still mark it as GST.)

Sometimes you have a "monthly reserve," "expense reserve," or other taxable amount that is added onto each payment. Input that amount here.

If the

After pressing the

There are two other places where calculation results are displayed. One is in the