Calculator Problem – 05/20/2013

If you invested $6,000 a month at 7% for ten years, how much money would you have at the end of the ten years?

(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 for 05/06/2013 problem:

(N=37,I=6,PV=30,000, PMT= -179.87) FV=28,789.48 (28,789.29 if you entered the payment instead of calculating it).