Question: How much would $ 1 , 0 0 0 , 0 0 0 due in 1 0 0 years be worth today if the discount

How much would $1,000,000 due in 100 years be worth today if the discount rate was 5%?
Assume you plan to buy a condo 5 years from now, and you estimate that you can save \(\$ 2,500\) per year. You plan to deposit the money in a bank account that pays \(4\%\) interest, and you will make the first deposit at the beginning of the year. How much will you have after 5 years?
Suppose you borrowed \(\$ 30,000\) on a student loan at a rate of \(8\%\) and must repay it in three equal installments at the end of each of the next 3 years. How large would your payments be?
 How much would $1,000,000 due in 100 years be worth today

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