I am trying to figure out the value of my $100 with a hypothetical 2% constant inflation rate after 30 years.
Here is the scenario: suppose I have $100 laying under my bed and the hypothetical inflation rate is constant at 2% for the next 30 years. I used an online calculator and here is the result:
Now my question is, after all these years and calculation what is the current value of my $100? In other words, how much value of that $100 is lost after all these years? (NOTE: I want the exact value or the percentage of value that I lost from $100 or the value that remains after 30 years of inflation [at the 2% rate].)