If you invest $50 every month for 30 years at 15%, 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 http://www.facebook.com/pages/Gary-Johnston-Seminars/111368472221424 for the answer.)
Answer to 09/26/2011 problem:
(N=6,PV= -2500, PMT=500,FV=0) I=65.66%