09-15-2005, 04:24 PM
AOA,
your formula is just good but there is one problem, that by using the rate determined by it, the NPV does not come out to zero and the actual rate at which it becomes zero is 25.45% pa. instead of above 12.94 or 13%. would you like to comment on that. further if you need, how i applied your results and prepared the lease amortization schedule plz send me an e-mail.
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Be careful! Words speak....
your formula is just good but there is one problem, that by using the rate determined by it, the NPV does not come out to zero and the actual rate at which it becomes zero is 25.45% pa. instead of above 12.94 or 13%. would you like to comment on that. further if you need, how i applied your results and prepared the lease amortization schedule plz send me an e-mail.
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Be careful! Words speak....
