How much would 1000000 due in 100 years be worth today if


1. How much would $1,000,000 due in 100 years be worth today if the discount rate was 5%? if the discount rate was 10%. Discuss how and why the results are different at the different interest rates.

2. If you wanted to have $1,000,000 in savings at retirement, how much would you need to save each year over the next 30 years if you could earn 5% annually on your savings?

 

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: How much would 1000000 due in 100 years be worth today if
Reference No:- TGS0595022

Expected delivery within 24 Hours