Calculator Problem – 08/25/2014
If you invested $960 at 15% for forty-nine years, how much money would you have? (Compound monthly) (The answer will be posted with the new calculator problem in 2 weeks. … Read more
If you invested $960 at 15% for forty-nine years, how much money would you have? (Compound monthly) (The answer will be posted with the new calculator problem in 2 weeks. … Read more
If you invested $11,250 into a deal that generated 48 monthly payments of $345, what would your return be? (The answer will be posted with the new calculator problem in … Read more
You own a trailer park that has an empty lot that would rent for $495. If you only get 24 months out of the trailer, how much could you pay … Read more
You purchase a mobile home and lot for $15,000. You rent the home for $600 and keep half after expenses and vacancy. If the mobile home only lasted for 7 … Read more
You are negotiating with a seller on a $355,000 loan amortized over ten years. You would like the interest rate to be 4% and the seller wants 6%. What is … Read more
If you invested a dollar a day (assume 30 days per month) at 12%, how much money would you have at the end of 40 years? (The answer will be … Read more
If you can make 8% on your money are you better off paying $350 today or $397 in nine months? (The answer will be posted with the new calculator problem … Read more
A big shout out to Rich Worcester for his inclusion in a Wall Street Journal article on Tuesday. Very cool! Read article here
If you invested $6,000 a month at 7% for ten years, how much money would you have at the end of the ten years? (The answer will be posted with … Read more
You have made 37 payments on a thirty thousand dollar mortgage at six percent amortized over thirty years. What is the balance? (The answer will be posted with the new … Read more