Present Value of $1,550,000

What is the present value of $1,550,000? How much is $1.55 million in the future worth today?
Present Date
Future Date
Future Value
$
Rate of Return
%

Let's say an investment will pay out $1,550,000 in the future. How much should you be willing to pay for that investment today?

Present Value of $1,550,000 by Discount Rate
2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0%
1 Years $1,519,608 $1,504,854 $1,490,385 $1,476,190 $1,462,264 $1,448,598 $1,435,185 $1,422,018 $1,409,091
2 Years $1,489,812 $1,461,024 $1,433,062 $1,405,896 $1,379,494 $1,353,830 $1,328,875 $1,304,604 $1,280,992
3 Years $1,460,600 $1,418,470 $1,377,944 $1,338,948 $1,301,410 $1,265,262 $1,230,440 $1,196,884 $1,164,538
4 Years $1,431,960 $1,377,155 $1,324,946 $1,275,189 $1,227,745 $1,182,488 $1,139,296 $1,098,059 $1,058,671
5 Years $1,403,883 $1,337,044 $1,273,987 $1,214,466 $1,158,250 $1,105,129 $1,054,904 $1,007,394 $962,428
6 Years $1,376,356 $1,298,101 $1,224,988 $1,156,634 $1,092,689 $1,032,830 $976,763 $924,214 $874,935
7 Years $1,349,368 $1,260,292 $1,177,873 $1,101,556 $1,030,839 $965,262 $904,410 $847,903 $795,395
8 Years $1,322,910 $1,223,584 $1,132,570 $1,049,101 $972,489 $902,114 $837,417 $777,893 $723,086
9 Years $1,296,971 $1,187,946 $1,089,009 $999,144 $917,443 $843,097 $775,386 $713,663 $657,351
10 Years $1,271,540 $1,153,346 $1,047,124 $951,566 $865,512 $787,941 $717,950 $654,737 $597,592
11 Years $1,246,608 $1,119,753 $1,006,850 $906,253 $816,521 $736,394 $664,768 $600,676 $543,266
12 Years $1,222,164 $1,087,139 $968,125 $863,098 $770,303 $688,219 $615,526 $551,079 $493,878
13 Years $1,198,200 $1,055,475 $930,890 $821,998 $726,700 $643,195 $569,932 $505,577 $448,980
14 Years $1,174,706 $1,024,733 $895,086 $782,855 $685,566 $601,117 $527,715 $463,832 $408,163
15 Years $1,151,673 $994,886 $860,660 $745,577 $646,761 $561,791 $488,625 $425,534 $371,058