What is the difference over 10 years of investing an IRA with a beginning balance of $500,000 at 8% instead of 4.5% (compounded monthly)?
(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 11/17/2014 problem:
(N=360,I=18,PV= -649,PMT=0) FV=$138,044.75