Calculator Problem – 01/02/2012

The Dow closed at 12,217.56 on December 30, 2011.  On December 31, 2001, it closed at 10,021.57.  If you had bought a share of the Dow in 2001 and sold it in 2011, what would your return have been?

(The answer will be posted with the new calculator problem in 2 weeks. Or if you can’t wait that long, you can go to http://www.facebook.com/pages/Gary-Johnston-Seminars/111368472221424 for the answer.)

Answer to 12/19/2011 problem:

(N=360,I=4,PV=100,000,FV=0) PMT= -477.42