Calculator Problem – 01/14/2013

If he invested the extra money at 10%, how much money would he have when the house was paid off?

(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.)

(I=4.25,PV=56,000,PMT= -556.50,FV=0) N=124.64 months