What does the result mean?

The result is the future nominal amount needed to have the same purchasing power as today's amount.

What formula is used?

Future amount = Present amount × (1 + inflation rate)^years.

See how much a sum will be worth in the future given an inflation rate. Amount × (1 + rate)^years.

Amount today ($)

Inflation rate (% per year)

Years

What does the result mean?: The result is the future nominal amount needed to have the same purchasing power as today's amount.
What formula is used?: Future amount = Present amount × (1 + inflation rate)^years.

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