Homework 5.2A- Determine Equipment Leasing and Renting Costs Assume Ownership Costs is $14.52/Hr Is it more economical to own, lease or rent the equipment? Leasing Terms Terms of Lease: 5 years Monthly Payment: $3,000 per month 2 Deposit: months Annual Hourly Usage: 1,800 hours/yr. Interest Rate: 8% Rental Terms Rental Period: 5 years Rental Rate: Annual Month Needs: Annual Hourly Usage: Interest Rate: $5,000 per month 6 months per year 1,800 hours/yr. 8% note: month to month term