3 ms·
$1 mil in 1993 is not worth $18 mil today (ie. in 2020). Inflation has averaged 2% during this time, so over 27 years: (1.02)^27 = 1.7069 $1 mil from 1993 wou
by winter_blue 7y ago
$1 mil in 1993 is not worth $18 mil today (ie. in 2020).
Inflation has averaged 2% during this time, so over 27 years: (1.02)^27 = 1.7069
$1 mil from 1993 would be worth no more than ~$1.71 today.
- unnouinceput 7y agoHe said 1933, not 1993
- piaste 7y ago1933, not 1993.