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What is implicit rate and inc borrow rate

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Question - Bizer Corporation is considering leasing a machine to a client for five years. The machine sells for $150,000 cash. The incremental borrowing rate is 8%. The implicit rate is unknown. Payments are quarterly and start at the commencement of the lease. What is the quarterly lease payment? Show your work.

All information is there. It wants you to find quarterly lease payments. Along with what is the PV factor for it and PV of lease payment. Term would be 5 years. What is implicit rate and inc. borrow rate.

Reference no: EM132954730

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