Calculator Problem – 03/12/2012

If you invested $150,000 today at 8% and let it compound monthly for eighteen years, how much money would you have?

(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 02/27/2012 problem:

(I=3,PV=20,000,PMT= -300, FV=0)  N=73.02