The time value of money is an important topic in finance. it essentially postulates that $1 today is worth more than $1 received tomorrow. let’s discuss a few topics around this concept:

1. how much would $1,000,000 due in 100 years be worth today if the discount rate was 5%? if the discount rate was 10%. discuss how and why the results are different at the different interest rates.

2. if you wanted to have $1,000,000 in savings at retirement, how much would you need to save each year over the next 30 years if you could earn 5% annually on your savings?