Calculator Problem – 05/04/2015

If you have a note that is paying you $100 a month, how many payments would you need to sell to someone that wanted to make 7% on their money if you need to raise $5000?

(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 04/20/2015:
(I=10,PV=42,000,PMT= -2000,FV=0)  N=23.18