Calculator Problem – 01/30/2012

Instead of buying a new car for $25,000, you invest that money at 15% and decide to keep repairing your old car which costs $1200 a year.  How much money would you have at the end of five 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 to 01/16/2012 problem:

(N=360,I=4,PV=48750,FV=0) PMT= -232.74



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