Posted on

If you invested $11,250 into a deal that generated 48 monthly payments of $345, what would your return be?

(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 04/07/2014 problem:

(N=24,I=20,PMT=495,FV=0) PV=$9,725.75