Alkaline Water Comp Inc (WTER)

[JJM111]

Yes the interest rate 8.32% Lease rate factor is 3.4667%


For your Benefit The Lease Rate Factor Is Not The Interest Rate



Often if you get a lease quote, whether you are a vendor or an enduser, a leasing company will provide you with a "Lease Rate Factor". A lease rate factor is the lease payment as a percent of the total cost of the leased equipment or software. Stated another way, if you multiply the lease rate factor by the cost of the leased equipment or software, the result equals the periodic lease payment.

Most of theleasing industry uses the lease rate factor term,

People sometimes mistake the lease rate factor for the interest rate equivalent of the lease payment. It is not.


Multiply the Lease rate factor by 2400 to get the interest rate. The interest rate for a lease rate factor of .0034667 times 2400 equals 8.37% percent.