Calculator Problem – 10/06/2014

You sell a property for $140,000 that you purchased for $65,000.  You choose to 1031 exchange the proceeds instead of paying capital gain taxes today at the rate of 34%.  If you invested the money you would have paid in taxes for 30 years at 12%, how much money would you have?

(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 for the answer.)

Answer for 09/22/2014 problem:

(I=15,PV=0,PMT= -100,FV=100,000) N= 209.51