## Calculator Problem – 08/25/2014

If you invested \$960 at 15% for forty-nine years, how much money would you have?  (Compound monthly)

(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=1,PV=8,000,000,PMT= -45,000,FV=0) N=192.49

## Calculator Problem – 08/11/2014

If you put \$8,000,000 in the bank earning 1%,, how long can you spend \$45,000 a month?

(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=360,I=5,PV=135,000,FV=0)  PMT=\$724.71

## Calculator Problem – 07/28/2014

You buy acreage for \$150,000 with 10% down and the balanced carried over 30 years but the note will balloon in 20 years at 5% interest.  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=12,PV= -85,PMT=0,FV=140) I=50.95%

## Calculator Problem – 07/14/2014

You have been paying a vendor \$140 every year, for several years, for a special service.  Recently, the vendor had a special offer that you can buy two years of service if you pay \$225 today.  What would be the return on your money (monthly compounding) if you took the offer?

(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=360,I=8,PV=0,PMT= -300) FV= 447,107.83

## Calculator Problem – 06/30/2014

If you make \$2000 a month and contribute 10% into a 401k and the company matches dollar for dollar up to 5% and the 401k makes 8% per year, how much would you have after 30 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.)

(N=480,I=10,PV=0,PMT=100) FV= 632,407.96
\$632,407.96 – \$75,936.88 = \$556,471.08
240 * \$100 = \$24,000

## Calculator Problem – 06/16/2014

If you invested \$100 a month at 10% for 40 years instead of 20 years, how much more money would you have?  How much more would you have invested?

(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=10,PV=0,PMT=100) FV=75,936.88

## Calculator Problem – 06/02/2014

If you invested \$100 a month for 20 years at 10%, how much money would you have?

(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=8,PMT=1000,FV=0) PV= \$119,554.29

## Calculator Problem – 05/19/2014

What would you pay today for 240 payments of \$1000 if you wanted to earn 8% on your money?

(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=360,I=8,PV=30,000,FV=0) PMT=220.13
(N=360,I=5,PMT=220.13,FV=0) PV=\$41,006.17

## Calculator Problem – 05/05/2014

You find someone that will sell their house for \$100,000.  She wants \$30,000 at closing and will carry the balance amortized for thirty years at 5%. You create two notes: one for \$70,000 for her to keep and another one to sell. You find a note buyer that is happy with an 8% return and will buy the note at closing.  If both notes have the same terms, what will the face amount of the second note need to 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.)