Question:Your rich uncle said he would give you $1,000,000 when you turn 65. If you are 20 and inflation a...

Your rich uncle said he would give you $1,000,000 when you turn 65. If you are 20 and inflation averages 3%, what is the purchasing power of that amount today?

A) 264,439

B) 1,000,000

C) 835,779

D) 532,894