Quote:
Originally Posted by WTF
Come on Present value of 2.7 TRILLION now...from 28 years ago.
Would it be safe to say that around that that 2.7 trillion would be worth around 10 Trillion in todays dollars even if you calculated a return less than 5%
And here is a question....wtf was the point of winning the cold war if 28 years later the Russian President is helping their favorite candidate elected here in the US?
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you sorely need an education
its not a present value formula numbskull
present value is the value in the present..the here and now.... of a sum of money, in contrast to some future value it will have when it has been invested at a given compound interest rate
in other words...what amount do you need today to invest at 5% to have x dollars at some point in the future
you are most likely fumbling for the amount of money needed today to have the same purchasing power today that an amount of money had in the past, an equivalent purchasing power. same purchasing power today as at some point in the past
like what amount would you need today to buy what x amount of dollars would buy in 1988
like the cpi index
2.7 trillion in 1988 had the same purchasing power as maybe around 7 or 8 trillion today
just think of prices of things you bought in 1988 and what they are today, hookers for example (male ones for you, but don't include the price you pay when you fall for one)