The Fixed Rate Lease Calculator is a tool designed to help you determine the monthly payment, total payments, and total interest for a fixed-rate lease. By inputting the asset value, residual value, lease term (in years and months), and annual interest rate, the calculator provides an easy and accurate way to understand the financial commitments of leasing an asset. This is particularly useful for budgeting and financial planning, ensuring you have a clear picture of your lease obligations over the term of the lease.