Calculator Problem – 07/27/2015

What would you pay today to buy a note that pays $25,000 in fifteen years if you wanted to make 18% on your money?

(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 07/13/2015:

(N=120,I=5,PMT= -15,000,FV=0) PV= -1,414,220.25