gary http://finance.yahoo.com/news/7-banks-closed-in-Fla-Ga-Ill-apf-1135619637.html?x=0&sec=topStories&pos=5&asset=&ccode= Bank closures are still happening. The FDIC watch list is continuing to grow. Do not let your guard down. Make sure that your accounts are under the FDIC insurance … Read more
If you could pay off a loan of $500,000 with monthly payments of $1625 over 30 years, what would be the interest rate on the loan? (The answer will be … Read more
On Friday, Bank of America announced it was freezing foreclosures in all 50 states. http://mediaroom.bankofamerica.com/phoenix.zhtml?c=234503&p=irol-newsArticle&ID=1480657&highlight=. The issue stems from some court cases where banks that were doing foreclosures, admitted that … Read more
You purchase a mobile home for $2000, then sell it on terms for payments of $150 for 48 months. What is your return? (The answer will be posted with the … Read more
A good article on the current state of foreclosures. We still have a ways to go; however, the window won’t be open forever. http://news.yahoo.com/s/ap/20100916/ap_on_bi_ge/us_foreclosure_rates “Lenders took back more homes in … Read more
You have a credit card with an interest rate of 14.99% and a balance of $6700. If you paid $350 a month, how long would it take you to pay … Read more
You invest $30k at 20% for 20 years. What is the future value using monthly compounding? If you then borrowed another $30k to invest in the same 20% investment and … Read more
If you paid $16,000 for an investment that gerenated $400 a month for 5 years, what would be your yield? (The answer will be posted with the new calculator problem … Read more
Below is a link to a great article on Will Smith and his family that is worth taking the time to read. There are so many great thoughts and lessons in this … Read more
If you start with $50,000.00 and add $100 every month for 15 years in an investment at 12%, how much money would you have at the end of 15 years? … Read more