Calculator Problem – 2010-09-27

 You purchase a mobile home for $2000, then sell it on terms for payments of $150 for 48 months. What is your return?

(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 2010-09-13 problem:

N=22.01 (I=14.99, PV=6700, PMT= -350, FV=0)