james is currently $25$ years old and has recently received an inheritance of $$30,000.$ After taking a personal finance course, he has decided to save all of this money for his retirement in $40$ years. He believes he can earn $12\%$ interest on his investment, and his current savings goal is $$5,000,000.$

True or false: The present value of James$$s savings goal in today$$s dollars is less than the $$30,000$ he currently has to invest.