Calculator Problem – 09/22/2014

How long would it take you to create a $100,000 nest egg, if you invest $100 a month at 15%?

(Internalize the difference between this answer and the 09/08/2014 problem.)

(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 09/08/2014 problem:

(I=12,PV=0,PMT= -100,FV=100,000) N=240.99 months