Calculator Problem 2010-08-02

If you start with $50,000.00 and add $100 every month for 15 years in an investment at 12%, how much money would you have at the end of 15 years?

(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.)

The answer to the 2010-07-18 calculator problem is FV = $1,034,344.05 (N=480, I=10, PV= -19,261.29, PMT=0)