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.

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?

Answer rating: 100% (QA)

Given information Future value 1000000 No of years 100 Discount Rate 5 Present Value Future ... View the full answer