Calculator Problem – 09/08/2014

How long would it take you to create a $100,000 nest egg, if you invest $100 a month at 12%?

(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 08/25/2014 problem:

(N=588,I=15,PV=960,PMT=0)FV=$1,427,414.10