what is the present day value of $1000 paid in 1939?

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what is the present day value of $1000 paid in 1939?

2007-02-12 02:44:13 · 3 answers · asked by lordalandavis 1 in Business & Finance ➔ Other - Business & Finance

3 answers

There are many inflation calculators available on the web that use the Consumer Price Index as a basis for inflation. To directly answer your question: $14,784.17.

2007-02-12 03:38:58 · answer #1 · answered by Katt_in_the_Hat 6 · 1⤊ 0⤋

There's a great site on the net that will perform just the kind of calculation you're looking for, giving a variety of answers (from $14k to $135k based on a number of different financial indicators). It only works up until 2005, but that should be close enough.

2007-02-12 10:51:07 · answer #2 · answered by bonshui 6 · 0⤊ 0⤋

Just use the formula of approx. 3% inflation per year

2007-02-12 12:22:52 · answer #3 · answered by ? 2 · 0⤊ 0⤋