Calculator Problem – 12/15/2014

You sell a property for $140,000 that you purchased for $65,000 for cash three years earlier.  What was the return (monthly compounding) on your invested capital?

(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 12/01/2014 problem:
(N=120,I=8,PV= -500,000,PMT=0) FV=   $1,109,820.12
(N=120,I=4.5,PV= -500,000,PMT=0) FV=$   783,496.39
$   326,323.73