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Subject:  Re: Calculating potential account growth & infla Date:  9/23/2007  3:38 AM
Author:  mjs111 Number:  4404 of 5260

Looking just at the math aspect of things, in order to get the present value of that future amount of money you calculated, you'd divide that figure by (1 + the inflation rate)^ number of years

So $1,000,000 30 years from now assuming an annualized 3% inflation rate would be:

$1,000,000/(1.03)^30 = $411,987.00

I always dislike doing that calculation. :)

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