You want to lease a ford f350 for a company truck for 63000. The dealer offers 5.25% apr financing compounded monthly for 48 months. The residual value is approximately 25200. You make a down payment of 3000.
Pmt:
Determine gst for the down payment:
Determine gst for the truck for the monthly payments:
Determine monthly payments after taxes:
Determine the residual value GST
