Gary Johnston

Success

gary — Tue, 08 May 2012 02:54:16 +0000

How bad do you want to be successful? Great video…

http://www.youtube.com/watch?v=pAJPPjGrU7g&feature=player_embedded

Calculator Problem – 05/07/2012

gary — Mon, 07 May 2012 12:24:51 +0000

What is the payment on a loan of $31,500 at 4.75% amortized over 12 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.)

Answer to 04/23/2012 problem:

(N=144,I=4.25,PV=31500,FV=0) PMT=$279.63

Calculator Problem – 04/23/2012

gary — Mon, 23 Apr 2012 12:36:49 +0000

What is the payment on a loan of $31,500 at 4.25% amortized over 12 years?

Answer to 04/09/2012 problem:

(N=6,PV= -1000,PMT=200,FV=0) I=65.66%

Calculator Problem – 04/09/2012

gary — Mon, 09 Apr 2012 10:12:23 +0000

You are currently making monthly payments of $200. The person you are paying agrees to take a lump sum of 5 payments now and give you credit for the next 6 payments. What is your return?

Answer to 03/26/2012 problem:

(N=48,PV=-8000,PMT=250,FV=0) I=21.53%

Calculator Problem – 03/26/2012

gary — Mon, 26 Mar 2012 16:40:12 +0000

You purchase a note with 48 payments of $250 for $8000. What is your return?

Answer to 03/12/2012 problem:

(N=216,I=8,PV= -150,000, PMT=0) FV=$630,086.13

Calculator Problem – 03/12/2012

gary — Mon, 12 Mar 2012 14:46:56 +0000

If you invested $150,000 today at 8% and let it compound monthly for eighteen years, how much money would you have?

Answer to 02/27/2012 problem:

(I=3,PV=20,000,PMT= -300, FV=0) N=73.02

Calculator Problem – 02/27/2012

gary — Mon, 27 Feb 2012 11:00:20 +0000

A seller agrees to finance the balance of $20,000 at 3% with payments of $300 a month. How long will it take to pay off the loan?

Answer to 02/13/2012 problem:

(N=360,I=4.5,PV=65,000,FV=0) PMT=329.35

Calculator Problem – 02/13/2012

gary — Tue, 14 Feb 2012 20:00:39 +0000

If you refinance a loan balance of $65,000 at 4.5% amortized over 30 years, what is your new monthly payment?

Answer to 01/30/2012 problem:

(N=60,I=15,PV= -25,000,PMT=100) FV= $43,822.08

Calculator Problem – 01/30/2012

gary — Mon, 30 Jan 2012 10:52:09 +0000

Instead of buying a new car for $25,000, you invest that money at 15% and decide to keep repairing your old car which costs $1200 a year. How much money would you have at the end of five years?

Answer to 01/16/2012 problem:

(N=360,I=4,PV=48750,FV=0) PMT= -232.74

Calculator Problem – 01/16/2012

gary — Mon, 16 Jan 2012 15:21:45 +0000

You purchase a house for $65,000. You get a thirty year, fixed rate, 75% LTV mortgage at 4%. What is the monthly payment?

Answer to 01/02/2012 problem:

(N=120,PV= -10,021.57,PMT=0,FV=12,217.56) I=1.98%