Present Value of $1,220,000

What is the present value of $1,220,000? How much is $1.22 million in the future worth today?
Present Date
Future Date
Future Value
$
Rate of Return
%

Let's say an investment will pay out $1,220,000 in the future. How much should you be willing to pay for that investment today?

Present Value of $1,220,000 by Discount Rate
2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0%
1 Years $1,196,078 $1,184,466 $1,173,077 $1,161,905 $1,150,943 $1,140,187 $1,129,630 $1,119,266 $1,109,091
2 Years $1,172,626 $1,149,967 $1,127,959 $1,106,576 $1,085,796 $1,065,595 $1,045,953 $1,026,850 $1,008,264
3 Years $1,149,633 $1,116,473 $1,084,576 $1,053,882 $1,024,336 $995,883 $968,475 $942,064 $916,604
4 Years $1,127,091 $1,083,954 $1,042,861 $1,003,697 $966,354 $930,732 $896,736 $864,279 $833,276
5 Years $1,104,992 $1,052,383 $1,002,751 $955,902 $911,655 $869,843 $830,312 $792,916 $757,524
6 Years $1,083,325 $1,021,731 $964,184 $910,383 $860,052 $812,938 $768,807 $727,446 $688,658
7 Years $1,062,083 $991,972 $927,100 $867,031 $811,370 $759,755 $711,858 $667,382 $626,053
8 Years $1,041,258 $963,079 $891,442 $825,744 $765,443 $710,051 $659,128 $612,277 $569,139
9 Years $1,020,841 $935,028 $857,156 $786,423 $722,116 $663,599 $610,304 $561,722 $517,399
10 Years $1,000,825 $907,795 $824,188 $748,974 $681,242 $620,186 $565,096 $515,341 $470,363
11 Years $981,201 $881,354 $792,489 $713,309 $642,681 $579,613 $523,237 $472,790 $427,603
12 Years $961,962 $855,683 $762,008 $679,342 $606,303 $541,695 $484,479 $433,752 $388,730
13 Years $943,100 $830,761 $732,700 $646,992 $571,984 $506,257 $448,591 $397,938 $353,391
14 Years $924,608 $806,564 $704,520 $616,183 $539,607 $473,137 $415,362 $365,081 $321,264
15 Years $906,478 $783,072 $677,423 $586,841 $509,063 $442,184 $384,595 $334,936 $292,058