Calculator Problem – 05/09/2011

 What is the difference between $100 invested every month over 10 years at 8% and 16%?

(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 04-25-2011 problem:

(N=9000,I=8,PMT=23,000,FV=0) PV=3,450,000