Today is january 1, 2020. on january 1 of the years 2021 through 2030, you are to receive $50,000. if cash flows are discounted at 10% per year, the present value of these cash flows (as of today), rounded to the nearest dollar, is

$307,230

Explanation:

Provided details,

Today's date = January 1, 2020

Amount to be received = $50,000

Date of receiving = Jan 1, 2021

That is after 1 year.

Total period of receiving amount = 10 years

Discount rate = 10%

Discounted present value annuity factor =

= 6.1446

Thus, present value of $50,000 each year received for 10 years = $50,000 6.1446 = $307,230

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

answer; a set of mutual funds with similar risk characteristics to your mutual fund;