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Subject:
Value of money
Category: Business and Money Asked by: scootymick-ga List Price: $5.00 |
Posted:
28 Oct 2004 14:45 PDT
Expires: 27 Nov 2004 13:45 PST Question ID: 421374 |
How much is $20,000 in 1970 equal to in today's dollars? |
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Subject:
Re: Value of money
Answered By: bobbie7-ga on 28 Oct 2004 15:04 PDT |
Hi Scootymick! How much is $20,000 in 1970 equal to in today's dollars? The answer is: $97,577.32 Directions: Enter years as 4 digits (i.e. 1913) through 2004. Enter dollar amount without commas or $ sign in box on first line. Click Calculate button to compute dollar amount shown on second line. Federal Reserve Bank of Minneapolis http://www.minneapolisfed.org/Research/data/us/calc/ ------------------------------------------------------------------ According to the Bureau of Labor Statistics Inflation Calculator, $20,000 in 1970 would be worth $97,886.60 today. http://www.bls.gov/cpi/ ------------------------------------------------------------------ Search criteria: Dollars worth today I hope this is helpful. Best regards, Bobbie7 |
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