How many months would it take for a $60,000 investment to be worth $90,000 if it was invested at 15%?
(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 http://www.facebook.com/pages/Gary-Johnston-Seminars/111368472221424 for the answer.)
Answer to 11/07/2011 problem:
(N=96,I=6,PV=100,000,PMT= -700) FV= -$75,434.29