Calculator Problem – 03/26/2012

You purchase a note with 48 payments of $250 for $8000.  What is your return?

(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 03/12/2012 problem:

(N=216,I=8,PV= -150,000, PMT=0) FV=$630,086.13

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