Calculator Problems

If you put $8,000,000 in the bank earning 1%,, how long can you spend $45,000 a month? (The answer will be posted with the new calculator problem in 2 weeks. Or … Read more

You buy acreage for $150,000 with 10% down and the balanced carried over 30 years but the note will balloon in 20 years at 5% interest.  What is the monthly … Read more

You have been paying a vendor $140 every year, for several years, for a special service.  Recently, the vendor had a special offer that you can buy two years of service … Read more

If you make $2000 a month and contribute 10% into a 401k and the company matches dollar for dollar up to 5% and the 401k makes 8% per year, how … Read more

If you invested $100 a month at 10% for 40 years instead of 20 years, how much more money would you have?  How much more would you have invested? (The … Read more

If you invested $100 a month for 20 years at 10%, how much money would you have? (The answer will be posted with the new calculator problem in 2 weeks. … Read more

What would you pay today for 240 payments of $1000 if you wanted to earn 8% on your money? (The answer will be posted with the new calculator problem in … Read more

You find someone that will sell their house for $100,000.  She wants $30,000 at closing and will carry the balance amortized for thirty years at 5%. You create two notes: … Read more

You have two financing options when borrowing $15,000 over five years.  You can make monthly payments at 4.25% or annual payments at 4.5%.  What would the annual difference between the … Read more

If you purchased a car and borrowed $5,000.00 at a reasonable 21% interest with payments of $125 a month, how long would it take to payoff the loan? (The answer … Read more