Calculator Problem – 01/26/2015

If you start with $100,000 and add $100,000 a year in monthly installments earning 8% compounded monthly, how much money would you have at the end of 10 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 for the answer.)

Answer for 01/12/2015
(I=4,PV=300,000,PMT= -5000,FV=0) N= 67.05

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