Localfund.com - All about Fund and Investment
*Home>>>Money Investment

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.
So, I would say that 9 Million would be worth about $36 Million now.

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

Tags
  Online Business   Offshore Investment   Mutual Fund   Money Market Funds   Money Investment   Managed Fund   Make Money   Low Risk Investment   Long Term Investment
Related information
  • Whole life and UL death benefits don't pay cash value?

    Most people can cover their needs with a term policy, and usually should only consider a permanent life policy if they have a permanent need for insurance. Having said that, WL policies will onl...

  • Is there a way to switch a loan from one persons name to another without heavy fees?

    You can't just put the loan in your name. You will have to apply for a mortgage loan. As far as the fees go, you can shop around and find out what origination fees you will be charged. Go with...

  • When do you know that you should go from Ebay to your own site?

    You can do it now, but you should still keep your ebay store open (if you hadn't decided to already) listed with the most frequently bought items. Whenever you sell something, include a busin...

  • Can I Buy Part of an appartment in Paris?

    What I would suggest is if you have the funds, then purchase a second home in Paris and when you are not there, rent it out. If you know when you are going to Paris, then just schedule your tenant...

  • I have a 2 acre lot...what should i do...build an aparment complex or buy new trailers?

    I have been helping my Dad with his rental properties for several years. He started out with 1.5 acres of land and put several single wide trailers on it. He bought pre-owned to get better prices o...

  • Property in Nice, S.France?

    YES!!! I have the same dream 2 move 2 France! Its beautiful! Me and my best friend have been planning moving there since we were little girls......the whole problem is saving enough money 2 get the...

  • Do you have humanity?Some needs your help no one helping me?

    Your only choice is Ebay, and that would be selling goods you already own... All the rest of these online come-ons are SCAMS.....

    ...
  • Would you rather win 7 million dollars or 20 million dollars?

    I'll take 20 million dollars any day.

    ...
  •  

    Categories--Copyright/IP Policy--Contact Webmaster