Calculator Problem – 02/10/2014

You purchase fifteen acres for $150,000 and sell it ten years later for one million dollars.  What is your return (compounded monthly)?

(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 https://www.facebook.com/garyjohnstonseminars for the answer.)

Answer for 01/27/2014 problem:

(N=12,PV= -10,000,PMT=950,FV=0) I=24.91%