๐ How to Use the Inflation Impact Calculator
This calculator shows you how inflation affects the purchasing power of your money over time.
Steps:
- Enter the amount of money you're evaluating.
- Enter the average annual inflation rate (as a percentage).
- Enter the number of years into the future you want to analyze.
- Click โCalculateโ to see the future value of your money in today's terms.
Example: If you have $10,000 today and the inflation rate is 3% annually, in 20 years your money will be worth about $5,537 in today's dollars.