Calculator Problem – 2010-08-16

If you paid $16,000 for an investment that gerenated $400 a month for 5 years, what would be your yield?

(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 for the answer.)

The answer to the 2010-08-02 calculator problem is FV=$349,748.12
(N=180, I=12, PV= -50,000, PMT= -100)