Calculator Problem – 01/31/2011

 You loan a company $50,000 and they make you 24 payments of $2833.33.  What is the return on your investment? (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 01-17-2011 problem:

 $1,478,654.36 (N=480, I=7.25, PV=0, PMT= -525)132.10% (N=5, PV= -35,000, PMT=0, FV=59,000)