Calculator Problem – 11/18/2013
Given a loan of $176,000 at 2.58% with payments of $750 a month, what would be the balance of the loan after ten years? (The answer will be posted with … Read more
Given a loan of $176,000 at 2.58% with payments of $750 a month, what would be the balance of the loan after ten years? (The answer will be posted with … Read more
You get a loan for $100,000 at 6% for 30 years fixed with $3000 in loan fees paid at closing. What is the APR of the loan? (The answer will … Read more
What is the difference between the payments of a $150,000 loan amortized over 15 years at 4.00% and amortized over 30 years at 4.50%? (The answer will be posted with … Read more
If you invest $340,000 today and the investment will be worth $1m in ten years, what is the return on your investment (assume monthly compounding)? (The answer will be posted … Read more
If you invested $199 by not buying a new phone and $50 a month from your cell phone bill at 12%, how much money would you have at the end … Read more
If you invested $10,000 at 12% over 40 years, how many times more money would you have than if you invested it at 4% over the same period of time? … Read more
Instead of paying $35,000 for a “real estate education program”, you spend $5000 on a several good classes and invest the other $30,000 at 12%. How much money would you … Read more
You purchase a mobile home for $3000 and put $1500 in repair costs into the property. You sell it for $12,000 with $1000 down and the balance at 14% amortized … Read more
You purchase a house for $78,000 in April of 2011 and the net rent is $600 a month. In July of 2013, you sell it for $150,000. What has been … Read more
You are negotiating with a seller on a $355,000 loan amortized over ten years. You would like the interest rate to be 4% and the seller wants 6%. What is … Read more