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    Sasha_Taylor's Avatar
    Sasha_Taylor Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 16, 2012, 10:21 PM
    Leasing a vehicle
    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
    CaptainRich's Avatar
    CaptainRich Posts: 4,492, Reputation: 537
    Cars & Trucks Expert
    		  
    #2

    Jan 17, 2012, 06:33 AM
    That sounds like homework...
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