An engineer who is now 65 years old began planning for retirement 40 years ago. At that time, he thought that if he had $1 million when he retired, he would have more than enough money to live his remaining life in luxury. Assume the inflation rate over the 40-year time period averaged a constant 4% per year. Required:
a. What is the CV purchasing power of his $1 million at age 65?
b. How many future dollars should he have accumulated over the 40 years to have a CV purchasing power equal to $1.9 million at his current age of 65?

The answer is "$208,289.045 and $9,121,939.2"

Explanation:

In point a:

40 years before CV buying power:  

CV buying power was $208,289.045 and for 40 years before the start of each year forty years ago.

In point b:

Power CV = $1.9 million

Future accumulated value:

The future accumulated value will be= $9,121,939.2.

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.