How much would 1000000 due in 100 years be worth todayif

Reference no: EM13619899

1. How much would $1,000,000 due in 100 years be worth todayif the discount rate was 5%? if the discount rate was 10%. Discuss how and whythe results are different at the different interest rates.

2. If you wanted to have $600,000 in savings atretirement, how much would you need to save each year over the next 25 years ifyou could earn 9% annually on your savings?

Reference no: EM13619899

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