## Calculator Problem – 09/21/2015

If you invested \$400 a month for 100 months and ended up with \$50,000, what would have been 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 https://www.facebook.com/garyjohnstonseminars for the answer.)

(I=7.5%,PV=63,000,PMT= -400,FV=0) N=667.50

## Calculator Problem – 08/14/2015

How many months would it take to pay off a loan of \$3100 at 19.96% with payments of \$250?

(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 https://www.facebook.com/garyjohnstonseminars for the answer.)

(N=180,I=18,PMT=0,FV=25,000) PV=\$1,714.16

## Calculator Problem – 06/29/2015

If you had a loan of \$1.125m at 5% and made payments of \$20,000 a month, how long would it take to pay off the loan?

(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 https://www.facebook.com/garyjohnstonseminars for the answer.)

(N=300,I=5.25,PV=500,00,FV=0) PMT= -2996.24
(N=300,I=5.5,PV=500,000,FV=0) PMT= -3070.44

3070.44-2996.24=74.20

(N=120,I=12,PV=0,PMT=74.20) FV=17068.87

(N=60,I=12,PV=17068.87, FV=0) pmt=379.69

379.69+2996.24=3375.93

(N=120,I=5.25,PV=500,000,PMT= -2996.24) FV= -372722.95
(N=180,I=5.5,PV=500,000,PMT= -3070.44) FV= -282920.40

(N=60,PV=372722.95,PMT= -3375.93,FV= -282920.4) I= 6.81

## Calculator Problem – 06/15/2015

You have a choice between two \$500,000 loans.  The first loan is fixed for 10 years @ 5.25% and amortized over 25 years.  The second loan is fixed for 15 years at 5.5% and amortized over 25 years.  If you took the 5.25% loan and invested the difference between the two payments at 12% then at the end of ten years started taking a monthly draw down of the investment that is still returning 12% to add to your current payment, what interest rate could you then support to end up at an equivalent point at the end of the 15 year loan?

Join us on Facebook as Bruce shows us how to solve this one.  😉  Good morning Bruce!

(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 https://www.facebook.com/garyjohnstonseminars for the answer.)

(N=300,I=5,PV=500,500,FV=0) PMT= -2925.87

## Monday Thoughts – 06/01/2015

You get a 65% LTV loan on a \$770,000 purchase at 5% amortized over 25 years.  What is the monthly payment?

(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 https://www.facebook.com/garyjohnstonseminars for the answer.)

(N=48,I=4,PV=1,000,000,FV=0) PMT= \$22,579.05

## Calculator Problem – 04/20/2015

If you borrowed \$42,000 at 10% and made \$2000 payments a month, how long would it take to pay off the loan?

(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 https://www.facebook.com/garyjohnstonseminars for the answer.)

(N=216,I=1.92,PV=1,500,000,FV=-0) PMT= -8,218.93

## Calculator problem – 04/06/2015

You borrow \$1,500,000 at 30 day LIBOR with a 1 3/4 spread amortized over 18 years.  If LIBOR is 17 basis points today, what is your payment?

(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 https://www.facebook.com/garyjohnstonseminars for the answer.)

(N=240,I=5%,PV=333,333.33,FV=0) PMT= -2,199.85

## Calculator Problem – 03/23/2015

What would be the payment on the bank portion of the loan? (See problem 02/23/2015)

(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 https://www.facebook.com/garyjohnstonseminars for the answer.)

(N=480,I=1.5,PV=300,000, FV=0) PMT= -831.52

## Calculator Problem – 03/09/2015

What would be the payment on the FSA portion of the loan? (See 02/23/2015 problem)

(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 https://www.facebook.com/garyjohnstonseminars for the answer.)