You inherit 1000000 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 What is your answer from the above calculation using your financial calculator What is the concept and what causes the number to grow in the manner that it does greater amount each year From an investment perspective what should this mean to you personally For example try to come up with your own scenario where you decide to save mone

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P is payment r is interest ... View the full answer