Calculator Problem – 04/08/13

If you invest $1000 to receive 55% of a $250 monthly payment for 72 months, what is your return?

(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.)

(N=120,3.5%,PV=100,000,FV=0)  PMT= -988.86