How other current economic factors such as inflation rate

Reference no: EM133614659

Problem: Households/Consumers: Suppose you inherited $1,000,000 from your grandfather. You want to determine how to use this money. Appraise the time value of money (TVM) in the PV-FV analysis. Carefully evaluate the factors that you should consider in your financial decision making. How might other current economic factors such as the inflation rate, interest rates, and/or the stock/bond prices affect your decision? What would you do with the $1,000,000 that you inherited from your grandfather?

Reference no: EM133614659

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