I think that I/O is fairly simple, it is just the amount borrowed times the interest rate.

eg $100,000 @ 6.5% = $6,500

I have an I/O loan and the interest is added at the end of every month.

From the above example for October the amount should be $6500/365*31 = $552.05.

This may not be 100% correct but should be close enough.

Dino

“If you…[Read more]

Now I’m upset.

I got the answer right, but just typed the interest rate wrong in my post.Grrrr![!][!][!]

Funny thing is, I lost more marks in school for exactly the same thing than I could ever count. (With my hand writing, it is sometimes easy to mistake 4’s for 9’s etc).

That’s why I use a computer today, and never do maths on paper.

Still,…[Read more]

Ok Fudge,

I am only new to this myself, but I see it the following way.

The issue is not, which is the better way to get the most out of this investment.

The issue is, is this a good investment.

First of all, forgetting all about depreciation, inflation etc and all those other complicated things that may or may not change during the next 25…[Read more]

Ok, in a poor attempt to get back some much needed credibility, I actually have a real best score of 40.

I’m still blushing from my previous mistake.

Oh well, back to work.

Dino

“If you don’t know where you are going, every road will take you there.”

In five days on this forum I’ve proved twice that I didn’t understand a problem as well as I thought.[]

Like my signature says, “If you don’t know where you are going…..”

I hate it when people tell me I’m wrong, particularly when I thought I was so clever and had it right.[!]

Put my pride away, and think about things more, not just jump in…[Read more]

Ahhh! Golf!

Now there is a topic I wish I was better at, and got to do more often.

Dino

“If you don’t know where you are going, every road will take you there.”

Assuming that the interst is compounded annually.

Annual Interest = 1.105

After 15 years CV(15) (Current Value 15th period) = $2,000,000

CV(14) = CV(15)/Interest = 2,000,000/1.105 = 1,809,954.75

Repeat 14 more times.(ie CV(x) = CV(x+1)/Int)

Answer $453,412.92

Dino

“If you don’t know where you are going, every road will take you there.”

Ok.

So how foolish do I feel – it says it at the top – HIT THE DOT.[][][]

Here I was just clicking away and not realising that the minus sign meant a bad score. So the best I have done is 93 clicks in 30 seconds.

New best score 35.

Dino

“If you don’t know where you are going, every road will take you there.”

New best score – 87!

wait….

wait…

new best 93. Yeah.

I can go home to my family now thinking that I have had a productive day at work after all.

Dino

“If you don’t know where you are going, every road will take you there.”

First try – 75
Best – 84 []

I always new twenty years of working with a computer would come in handy.

Dino

“If you don’t know where you are going, every road will take you there.”

I live in a large rural center.

10 years ago, metropolitan investors “discovered” our town and drove prices up (20-40% increase in 18 months).[]

Shortly after, investment dried up. Metropolitan investors still came, and still payed above market prices. The reality was though, some asking prices stayed high, but sales prices to locals, who kne…[Read more]