13 billion US dollars in 1947 is how much in 2008 dollars?
This relates to the time value of money. In calculating this, certain considerations such as prices are factored in real life (market interest rates, inflation, tax implication, exchange rates etc). when you are attempting to the determine the value of your money/investment in a few years time, you use the compounding formula (i.e., future value of money) and vice versa, the discounting formula (present value of money).
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