Your brother wants to retire in 20 years and says he will save $1 million by then. 8 1 point With inflation, what will most likely happen to the value of $1 million in the You are worried he doesn't understand the time value of money and the effects of future? It will be worth more over time. It will stay the same. It will be worth less over time. 9 1 point How much would the $1,000,000 be worth 20 years from now in today's dollars, if inflation is 3% ? $1,284,862.54 $500,625.00 $553,675.75 1 point How much would you have to earn on your money to turn $5,000 into $8,000 in four years? 15.7% 8.3% 12.47%