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How much do 9 million USD in the 1970s worth these days? |
How much do 9 million dollars, in an estate or investment (not cash) in the mid 70s worth now. I am not talking about my money, only if someone was worth 9 million dollars in the 70s how much does he worth now comparing how much he could get then to now, like that? If you are simply asking what's the current dollar equivalent value of $9MM in 1970 using the CPI as an adjustment factor, it's $49MM. maybe 40K or so A car that cost about $6,000 (around 1975), then now goes for $25,000. Suppose we start exactly form 1970, there have been 37 yrs since then. If we assume the interest rate has been constant and equal to 6%, then $9,000,000 would be $ 9,000,000x(1.06 x1.06...37 times) or $9,000,000x(1.06)exp37=$77 724 784.08 |
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