Calculator Problems

 You loan a company $50,000 and they make you 24 payments of $2833.33.  What is the return on your investment? (The answer will be posted with the new calculator problem in … Read more

A twenty-two-year-old teacher makes $30,000 a year. The teacher contributes 8% of her salary to her retirement and the school contributes another 13% on a monthly basis. If her retirement … Read more

A pack of cigarettes costs $5 and a person smokes a pack and a half a day. If he instead put that money in an investment that earns 12%, how … Read more

You have $6000 in a savings account earning 0.3%. If you had instead invested it in something earning 6%, how much more money would you have at the end of … Read more

If you have credit card balances at a 31.99% rate, how many months at that rate is it before the stuff you bought on that credit card costs you twice … Read more

 You purchase a mobile home with land for $25,000. You borrow all of the money for the purchase from a private money source at 8%. It will rent for $600 … Read more

 How much would you pay for a note that has 63 payments of $851 if you wanted to make 12% on your money?  (The answer will be posted with the … Read more

If you could pay off a loan of $500,000 with monthly payments of $1625 over 30 years, what would be the interest rate on the loan? (The answer will be … Read more

 You purchase a mobile home for $2000, then sell it on terms for payments of $150 for 48 months. What is your return? (The answer will be posted with the … Read more

You invest $30k at 20% for 20 years. What is the future value using monthly compounding? If you then borrowed another $30k to invest in the same 20% investment and … Read more