Calculator Problems

Instead of buying a new car for $25,000, you invest that money at 15% and decide to keep repairing your old car which costs $1200 a year.  How much money … Read more

You purchase a house for $65,000.  You get a thirty year, fixed rate, 75% LTV mortgage at 4%.  What is the monthly payment? (The answer will be posted with the … Read more

The Dow closed at 12,217.56 on December 30, 2011.  On December 31, 2001, it closed at 10,021.57.  If you had bought a share of the Dow in 2001 and sold … Read more

What is the payment on a $100,000 at 4% amortized over 30 years? (The answer will be posted with the new calculator problem in 2 weeks. Or if you can’t … Read more

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 … Read more

There is a loan of $100,000 at 6% with a payment of $700 a month.  If the loan has a balloon provision at the end of eight years, how much … Read more

You borrowed $80,000 at 6% amortized over 30 years a few years ago and the balance is now $63,000.  If you refinanced with a 30 year loan at 4.25% today, … Read more

If you invest $50 every month for 30 years at 15%, how much money would you have? (The answer will be posted with the new calculator problem in 2 weeks. … Read more

Ray is renting a room in a house for $500 a month.  He negotiates to pay 5 months in advance and get the 6 month free.  What is his return? … Read more

You find a rental house for $60,000 that you can finance  with a 75% LTV loan at 5% over 15 years. How much will your payment be every month? (The … Read more