One dollar from 1908 is now worth $25.64 dollars. This is due that?æthe value of the dollar today is less that it was in the past. That is because prices seem inflated as each dollar is able to buy less and less.
One dollar from the year of 1862 would be worth approximately the same as it is worth today which is $1.00. Even though the years have changed, the currency stays the same. The only difference is you could buy much more with a buck back in 1862 than you can now a day.
At maturity it is worth $50. You buy it at discount prior to maturity.
If it is a normal one dollar bill it is worth one dollar only. If it is an antique bill which cannot be found in circulation now, you can auction it to antique bill collectors and they may buy it at a higher price...
the concept is the "the present value of future dollars vs the future value of present dollars" A dollar in hand has the potential to make money, how much money it can make is it's future value. The real intrigue with this is the concept of compound interest. today I invest my present DOLLAR, Lets say it makes 10 cents now I have $1.10 to invest and if I get the same rate of return I will make .11 cents and have $1.21 to invest. At a constant rate of 10% return I would double my money in about 8 years & 2 months. HOWEVER in year #12 I would have tripled my original DOLLAR and in year #15 my single Dollar would be worth over 4 dollars... So lets turn that around: if someone says to you LOAN me a (present) DOLLAR and I will pay you $2 (Future) in 10 years, that doesn't seem like as much of a good deal plus if you add in inflation and RISK, the $2 they pay you back with may not buy as much and that would make it an even worse deal.
In 1850, one dollar could buy about $25.00 worth of goods and services we can buy today.
One dollar from 1908 is now worth $25.64 dollars. This is due that?æthe value of the dollar today is less that it was in the past. That is because prices seem inflated as each dollar is able to buy less and less.
Sixpence GBP in 1966 had the purchasing power of about £0.31 GBP today.
there are two reasons. 1. A dollar today can earn interest so you will have more than a dollar in the future. 2. Inflation will reduce the purchasing power a dollar over time, so it's better to get the dollar today and spend it today because it won't buy as much stuff tomorrow.
Inflation continues to drastically decrease the value of a dollar. What you could buy for dollar in 1858 would cost you $26.53, meaning that dollar would be worth about 4 cents in today's world.
6 cents is what i herd i gotta find out if its true im going to buy nintendogs today!
$1 dollar
A dollar could buy Candy Or a Comic booking now get the crap out of your home and buy you somethin
If you hold your 1852 $1 gold piece, it would worth more than $100 today Inflation continues to drastically decrease the value of a dollar. What you could buy for dollar in 1852 would cost you $27.60, meaning that dollar would be worth about 4 cents in today's world.
One dollar could buy lots of things: Soda pop, candy, etc. Almost anything you can get at the dollar tree today you could get in the 80's.
999,999,999 zillion dollar
about 1 dollar