You have two financing options when borrowing $15,000 over five years.  You can make monthly payments at 4.25% or annual payments at 4.5%.  What would the annual difference between the … Read more

If you purchased a car and borrowed $5,000.00 at a reasonable 21% interest with payments of $125 a month, how long would it take to payoff the loan? (The answer … Read more

If you invested $20 every month for forty years at 15%, how much money would you have? (The answer will be posted with the new calculator problem in 2 weeks. … Read more

You purchase fifteen acres for $150,000 and sell it ten years later for one million dollars.  What is your return (compounded monthly)? (The answer will be posted with the new … Read more

You buy furnishings for $10,000 and charge $950 a month on a twelve month lease.  What is the return on your investment? (The answer will be posted with the new … Read more

You sell a mobile home for $36,000 with $2,000 down and carry back the balance over 20 years at 14.9%.  What is the monthly payment? (The answer will be posted … Read more

You purchase a house for $50,000 with $10,000 down and the balance carried back at 4% amortized over thirty years.  You sell the house for $60,000 with $5,000 down and … Read more

You invest $2000 for thirty years at 10% interest.  What is the difference at the end of the thirty years if you use monthly versus annual compounding? (If you don’t … Read more