Comments on: Bill’s Accounting is taking out a lease on $2,000 worth of equipment and office furniture?

Comments on: Bill’s Accounting is taking out a lease on $2,000 worth of equipment and office furniture? http://www.tiptopdesign.com/office-furniture/bill%e2%80%99s-accounting-is-taking-out-a-lease-on-2000-worth-of-equipment-and-office-furniture/ All about Tip Top Design Tue, 05 Jan 2010 22:36:04 -0500 http://wordpress.org/?v=2.8 hourly 1 By: capwest5a http://www.tiptopdesign.com/office-furniture/bill%e2%80%99s-accounting-is-taking-out-a-lease-on-2000-worth-of-equipment-and-office-furniture/comment-page-1/#comment-1427 capwest5a Wed, 17 Jun 2009 10:03:36 +0000 http://www.tiptopdesign.com/bill%e2%80%99s-accounting-is-taking-out-a-lease-on-2000-worth-of-equipment-and-office-furniture/#comment-1427 Interest = principal x rate x time. In this case, Interest = $2,000 x 0.0825 x 2 = $330 Total amount paid is $2,000 + $330 = $2,330 Interest = principal x rate x time. In this case,

Interest = $2,000 x 0.0825 x 2 = $330

Total amount paid is $2,000 + $330 = $2,330

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