{"id":4140,"date":"2013-10-23T06:39:49","date_gmt":"2013-10-23T06:39:49","guid":{"rendered":"http:\/\/copier-houston.com\/?page_id=4140"},"modified":"2018-07-18T07:03:55","modified_gmt":"2018-07-18T07:03:55","slug":"houston-copier-leasing","status":"publish","type":"page","link":"https:\/\/www.rochestercopier.com\/houston-copier-leasing\/","title":{"rendered":"Rochester Copier Leasing"},"content":{"rendered":"

When leasing any piece of capital equipment, it is good to understand what you are actually paying for. \u00a0Many people enter into long term copier lease having no idea what their interest rate is on the loan they are taking out. \u00a0 When looking deeper into this, we realized even we as a copier company struggled explaining HOW this was computed. \u00a0We knew what the rates came out to be, but when a client pushed up to show the math… \u00a0we couldn’t find agreement on how this worked.<\/p>\n

\"\"<\/p>\n

When we went back and forth with the leasing companies to come up with a formula to show us, they all kept saying things like “you’d need a financial calculator to do the math” – Having a heavy Chemisty focus in college, I wasn’t afraid of formulas. \u00a0So I kept pushing – I found this was the formula – suddenly the financial calculator answer made much more sense…<\/p>\n

 <\/p>\n

For given\u00a0C<\/b><\/i>,\u00a0P<\/b><\/i>\u00a0and\u00a0N<\/b><\/i>, one can only solve the following equation for\u00a0r<\/b><\/i>\u00a0by numerical means.<\/p>\n

\"\"<\/div>\n

Given the rather smooth behavior of this equation, this calculator employs the\u00a0Newton-Raphson method<\/a>\u00a0with an educated initial guess:<\/p>\n

\"\"<\/p>\n

Not exactly the easiest thing in the world to work out that math. \u00a0Instead, I was able to find an online calculator<\/a> that did this math for us. \u00a0You will need to ask what the residual us on the contract at the end for this to work. \u00a0If you plan to give it back, you can enter 0.<\/p>\n

 <\/p>\n

\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

When leasing any piece of capital equipment, it is good to understand what you are actually paying for. \u00a0Many people enter into long term copier lease having no idea what their interest rate is on the loan they are taking out. \u00a0 When looking deeper into this, we realized even we as a copier company…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":17,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4140","page","type-page","status-publish","hentry"],"yoast_head":"\nRochester Copier Leasing - Rochester Copier<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rochestercopier.com\/houston-copier-leasing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rochester Copier Leasing\" \/>\n<meta property=\"og:description\" content=\"When leasing any piece of capital equipment, it is good to understand what you are actually paying for. \u00a0Many people enter into long term copier lease having no idea what their interest rate is on the loan they are taking out. \u00a0 When looking deeper into this, we realized even we as a copier company…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rochestercopier.com\/houston-copier-leasing\/\" \/>\n<meta property=\"og:site_name\" content=\"Rochester Copier\" \/>\n<meta property=\"article:modified_time\" content=\"2018-07-18T07:03:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rochestercopier.com\/wp-content\/uploads\/2018\/07\/lease-agreement-form-300x169.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rochestercopier.com\/houston-copier-leasing\/\",\"url\":\"https:\/\/www.rochestercopier.com\/houston-copier-leasing\/\",\"name\":\"Rochester Copier Leasing - 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