SOLUTION: I need help. please
Your annuity will be worth $240,000 in 30 years. How much is it worth in today’s money if the average inflation rate is 3% per year?
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Your annuity will be worth $240,000 in 30 years. How much is it worth in today’s money if the average inflation rate is 3% per year?
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Your annuity will be worth $240,000 in 30 years. How much is it worth in today’s money if the average inflation rate is 3% per year? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! Your annuity will be worth $240,000 in 30 years. How much is it worth in today’s money if the average inflation rate is 3% per year?
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Future Value = (present Value)(1+i)^n
240000=PV(1.03)^(30)
PV=240000/2.42726...
PV=$98876.82
Cheers,
Stan H.
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