Calculator Problem – 10/07/2013

If you invest $340,000 today and the investment will be worth $1m in ten years, what is the return on your investment (assume monthly compounding)?

(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 09/23/2013 problem:

(N=360,I=12,PV= – 199, PMT= -50) FV=181,902.19