Calculator Problem – 08/26/2013

Instead of paying $35,000 for a “real estate education program”, you spend $5000 on a several good classes and invest the other $30,000 at 12%.  How much money would you have in thirty 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 08/12/2013 problem:

(N=48,I=14,PV= -11,000,FV=0) PMT = $300.59

Then calculate the return.

(N=48,PV= -3500,PMT=300.59,FV=0) I = 100.92%