Calculator Problem – 06/03/2013

If you can make 8% on your money are you better off paying $350 today or $397 in nine months?

(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 05/20/2013 problem:

(N=120,I=7,PV=0,PMT= -6000)  FV=1,038,508.84