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TE Frequent Visitor
Frequent Visitor

Interest rate of a lease

Hi!

 

Im trying to calculate the interest rate of a lease with PowerBI (essentially the Excel RATE -function). 

 

My columns are:

 

-Monthly Lease Payment

-Total Leasing Capital

-Duration (in months)

-Advanced Payment

-Residual Value

 

If I understand correctly, since the payments are periodic, I have to use XIRR formula like in the post below. 

https://community.powerbi.com/t5/Desktop/Excel-Rate-function-to-build-in-Power-BI/m-p/422743

 

One way would be to modify the GENERATESERIES formula in order to accommodate the advanced payment in the first period and and residual value in the last. How would I go about doing this?

 

Any other suggestions?

 

Thanks!

 

TE 

1 ACCEPTED SOLUTION

Accepted Solutions
Community Support Team
Community Support Team

Re: Interest rate of a lease

@TE 

 

It seems that you may directly subtract the advanced payment from the total.

Community Support Team _ Sam Zha
If this post helps, then please consider Accept it as the solution to help the other members find it more quickly.

View solution in original post

1 REPLY 1
Community Support Team
Community Support Team

Re: Interest rate of a lease

@TE 

 

It seems that you may directly subtract the advanced payment from the total.

Community Support Team _ Sam Zha
If this post helps, then please consider Accept it as the solution to help the other members find it more quickly.

View solution in original post

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