Calculator Problem – 01/12/2015
You purchase a property for $350,000. The seller wants $50,000 down and payments of $5000 a month at 4%. How long will it take you to pay off the property? … Read more
You purchase a property for $350,000. The seller wants $50,000 down and payments of $5000 a month at 4%. How long will it take you to pay off the property? … Read more
You are paying on a note that has a balance of $60,000 with 0% interest and $500 a month payments. If you could buy the note for $20,000, what would … Read more
You sell a property for $140,000 that you purchased for $65,000 for cash three years earlier. What was the return (monthly compounding) on your invested capital? (The answer will be … Read more
What is the difference over 10 years of investing an IRA with a beginning balance of $500,000 at 8% instead of 4.5% (compounded monthly)? (The answer will be posted with … Read more
A new iPhone costs $649. If you kept your old phone and invested the $649 at 18%, how much would you have at the end of the 30 years? (The … Read more
A tractor company is offering $0 down and 0% financing for 60 months. If the tractor costs, $16,618 and your cost of capital is 10%, what is the equivalent cash … Read more
If you have a $100,000 loan amortized over thirty years, what percent does the payment increase if interest rates go from 4% to 5%? (The answer will be posted with … Read more
You sell a property for $140,000 that you purchased for $65,000. You choose to 1031 exchange the proceeds instead of paying capital gain taxes today at the rate of 34%. … Read more
How long would it take you to create a $100,000 nest egg, if you invest $100 a month at 15%? (Internalize the difference between this answer and the 09/08/2014 problem.) … Read more
How long would it take you to create a $100,000 nest egg, if you invest $100 a month at 12%? (The answer will be posted with the new calculator problem … Read more