You need to invest 42027.98
7,398,000
The total interest would be 73606.07 dollars, approx.
1000 today since I am not sure I will be alive in 10 years to collect the 2000.
6.1% = 0.061(1.061)20 = 3.268193Investment = 600,000 / 3.268193 = $ 183,587.70
2532
You need to invest 42027.98
About $300,000 today
1050*5/100
7,398,000
If you invest $1,000 today in a security paying 8 percent compounded quarterly, how much will the investment be worth seven years from today?
Because a dollar received in the future is worth less to you than a dollar available to invest today. The further in the future you receive funds, the less is their value to you today.
The total interest would be 73606.07 dollars, approx.
You cannot, even in a good economy. Today you might make 5 percent per year. In the good times, you might make 20 percent per year. But, never, 30 percent per month.
Using the GDP deflator method, 12000 British pounds would be worth 1,290,000 British pounds.
Your question is strange. Is similar to say: "Value of 12000 Two thousand pesos?" 12000 pesos = Doce mil pesos. 2000 pesos = Dos mil pesos. For today 12000 pesos is around 996 Canadian dollars and 775 American dollars.
170000/160000-1= .0625 = 6.25%