Advanced Compute option
Advanced Compute option defines breakpoints and corresponding percentages that are used for the calculation of lease payments. The Advanced Compute option code is used with the compute statement that is defined on the payment schedule. An Advanced Compute option can perform additional calculations to the value returned from the compute statement based on how it falls within the predefined breakpoints. For example, you can establish breakpoints and corresponding percentages:
Breakpoints | Percent |
$ 5,000 | 1.5% |
$ 8,000 | 1.0% |
$12,000 | .5% |
If the derived value from the compute statement is $10,500, then the lease payment after the Advanced Compute option is applied is equivalent to $70 [(8,000 - 5,000) * .015) + (10,500 - 8,000 * .01).