Saturday
February 4, 2012
| Setting the Standard for Leasing & Finance Professionals the World Over |
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Member Talk
...Studying and taking the exam has made me more confident and positive. It has had a major impact on my professional progress by having my level of expertise understood and recognized... (read more)
Each month we'll provide you with a few minutes of mind bending torture (as if you didn't have enough already).
This month’s Mindbender is an example question from the Financial and Tax Accounting for Leases Section of the CLP Exam.
You have written a 60-month lease with payments of $2,457.00 per month, due at the beginning of the month. Your funding source has approved for discounting at 13.3%; and you collected, and will keep, the first and last rentals.
How much can you expect to receive from your funding source?
