Posted 5/11/2023 06:40 (#10224562 - in reply to #10224489) Subject: RE: $85,000 at 5% for 15 years.
C IL
It was specified by the OP as an input parameter/discount rate from a decision made 15 years ago.
The $1.8M number is correct for payments made at the end of the year across the payment series. The $1.9M number given above by PeeWeeFarmer is today’s value for payments made at the beginning of the year across the payment series.