Calculator Problems

If you invested $20 every month for forty years at 15%, how much money would you have? (The answer will be posted with the new calculator problem in 2 weeks. … Read more

You purchase fifteen acres for $150,000 and sell it ten years later for one million dollars.  What is your return (compounded monthly)? (The answer will be posted with the new … Read more

You buy furnishings for $10,000 and charge $950 a month on a twelve month lease.  What is the return on your investment? (The answer will be posted with the new … Read more

You sell a mobile home for $36,000 with $2,000 down and carry back the balance over 20 years at 14.9%.  What is the monthly payment? (The answer will be posted … Read more

You purchase a house for $50,000 with $10,000 down and the balance carried back at 4% amortized over thirty years.  You sell the house for $60,000 with $5,000 down and … Read more

You invest $2000 for thirty years at 10% interest.  What is the difference at the end of the thirty years if you use monthly versus annual compounding? (If you don’t … Read more

Given a loan of $176,000 at 2.58% with payments of $750 a month, what would be the balance of the loan after ten years? (The answer will be posted with … Read more

You get a loan for $100,000 at 6% for 30 years fixed with $3000 in loan fees paid at closing. What is the APR of the loan? (The answer will … Read more

What is the difference between the payments of a $150,000 loan amortized over 15 years at 4.00% and amortized over 30 years at 4.50%? (The answer will be posted with … Read more

If you invest $340,000 today and the investment will be worth $1m in ten years, what is the return on your investment (assume monthly compounding)? (The answer will be posted … Read more