You inherit 1000000 in 30 years what is that money worth


You inherit $1,000,000 in 30 years. What is that money worth today if inflation averages 3% per year? How about if inflation averages 4% instead? Assume annual compounding. Show work.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You inherit 1000000 in 30 years what is that money worth
Reference No:- TGS01409039

Expected delivery within 24 Hours