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QUESTION
Want Future Value of $2,000,000 Will Wait 40 years with 6% interest rate How much do I need to put away today?
Want Future Value of $2,000,000 Will Wait 40 years with 6% interest rate How much do I need to put away today? PV = $194,444.38 Original Cost of Alaska $7,200,000 (PV) 135 years ago with inflation of 4% (interest rate) What would it cost today (FV from 1867)?
