2007-08-23 01:54:06 · 3 answers · asked by michellemarie22002 1 in Business & Finance ➔ Renting & Real Estate
Here's the inflation calculator:
http://data.bls.gov/cgi-bin/cpicalc.pl
$100,000 then is $741,277.58 now.
Wow, huh?
2007-08-23 02:02:17 · answer #1 · answered by jackbutler5555 5 · 2⤊ 0⤋
Use a TVM (time value of money) function on a financial calculator. 100,000 (PV) present value, 50 (N) number of years from 1957 to 2007. You will need to know the average RATE OF RETURN (I) interest - that will tell what the (FV) future value is.
You wording is unclear if you are trying to determine. is the 100K TODAYS value or 1957 value and what would it have been worth today or how much did you need to make 100K in todays market.
Either way you need a financial calculator and use the TVM function on it. No matter WHAT you are trying to determine you will need to know the (I) if you are just trying to find out what 100K would have been 'worth' in comparison to today's dollar - use the average cost of living index (quick) or cost of living + cost of inflation / average over the PAST 50 years.
Hope this helps
USE the url link that jackbutler posted - SPOT ON!!!!
2007-08-23 02:05:11 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Or here
http://inflationdata.com/inflation/Inflation_Rate/Inflation_Rate_Calculator.asp#results
633.39% January 1957 to January 2007.
$633,390
2007-08-23 02:10:10 · answer #3 · answered by Mike1942f 7 · 0⤊ 0⤋