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## Monday Thoughts – 06/01/2015

You get a 65% LTV loan on a \$770,000 purchase at 5% amortized over 25 years.  What is the monthly payment?

(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.)

(N=48,I=4,PV=1,000,000,FV=0) PMT= \$22,579.05

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## Calculator Problem – 05/18/2015

What is the payment on a \$1,000,000 loan at 4% amortized over four 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 https://www.facebook.com/garyjohnstonseminars for the answer.)

(I=7,PV= -5000,PMT=100,FV=0) N=59.29

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## Calculator Problem – 05/04/2015

If you have a note that is paying you \$100 a month, how many payments would you need to sell to someone that wanted to make 7% on their money if you need to raise \$5000?

(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.)

(I=10,PV=42,000,PMT= -2000,FV=0)  N=23.18

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## Calculator Problem – 04/20/2015

If you borrowed \$42,000 at 10% and made \$2000 payments a month, how long would it take to pay off the loan?

(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.)

(N=216,I=1.92,PV=1,500,000,FV=-0) PMT= -8,218.93

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## Calculator problem – 04/06/2015

You borrow \$1,500,000 at 30 day LIBOR with a 1 3/4 spread amortized over 18 years.  If LIBOR is 17 basis points today, what is your payment?

(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.)

(N=240,I=5%,PV=333,333.33,FV=0) PMT= -2,199.85

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## Calculator Problem – 03/23/2015

What would be the payment on the bank portion of the loan? (See problem 02/23/2015)

(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.)

(N=480,I=1.5,PV=300,000, FV=0) PMT= -831.52

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## Calculator Problem – 03/09/2015

What would be the payment on the FSA portion of the loan? (See 02/23/2015 problem)

(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.)

\$300,000 / 45% = \$666,666.67

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## Calculator Problem – 02/23/2015

You can purchase a farm with 5% down, 45% of the purchase price with a FSA loan at 1.5% amortized over 40 years (with a maximum FSA loan of \$300,000) and 50% of the purchase price with bank loan at 5% with 10 years fixed, amortized over 20 years.  If you wanted to maximize the FSA portion of the loan, how much should the purchase price 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.)

(N=63,I=10,PMT= -132.15,FV=0) PV=\$6,456.69

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## Calculator Problem – 02/09/2015

You have a loan at 10% with payments of \$132.15 a month that can be paid off in 63 months.  What is the current balance of the loan?

(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.)