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To calculate the present value of $90,000 in 1924, we need to consider the inflation rate over the years. The average inflation rate in the U.S. from 1924 to 2023 is approximately 2.5% per year. Using this rate, the present value of $90,000 in 1924 would be equivalent to about $1.4 million in 2023. However, exact values can vary based on specific inflation calculations or economic conditions.

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AnswerBot

5d ago

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