2027 CLFP Recertification Quiz #2: Pricing Terminology 2027 CLFP Recertification: Quiz #2: Pricing Terminology 1. What does “yield” represent in equipment leasing? * The upfront cost of financed equipment The monthly lease payment, including taxes and fees The finance agreement’s depreciation schedule The annualized rate of return from a transaction’s cash flows 2. What is a lease rate factor primarily used for? * Determining lease payments Measuring profitability Calculating periodic lease payments Estimating residual value 3. What is the purpose of a discount rate? * To calculate commissions To measure tax benefits To set lease payments To determine present value of future cash flows 4. How is the Internal Rate of Return (IRR) defined? * The difference between equipment cost and residual value The rate where net present value of cash flows equals zero The annual rate where total payments equal cost The rate that maximizes lease payments 5. What is the difference between a point and a basis point? * A point equals 1%, while a basis point equals 0.01% Basis points apply only to taxes Both represent the same value A point equals 0.01%, while a basis point equals 1% Name * Name First First Last Last Email - USE THE EMAIL ADDRESS WHERE THE INSTRUCTIONS WERE SENT TO (NOT FROM); OTHERWISE, OUR SYSTEM WILL NOT UPDATE YOUR CONTACT RECORD! * Submit If you are human, leave this field blank.
