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Old 09-20-2018, 05:11 PM
 
Location: NC
6,081 posts, read 7,027,359 times
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120000% is 1200X increase, which is 6 million. Add that to the original value of 5000 and you get that the final value of the item is 6,005,000. Thus it is worth 1201X the original, which is a 1200X increase.
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Old 09-20-2018, 07:00 PM
 
4,319 posts, read 5,268,236 times
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Quote:
Originally Posted by LifeIsGood01 View Post
You have to find a time machine and buy Amazon in 1997
$5000 investment would be worth like $42 million today.
Wow I wish I spent $5,000 on their stock then instead of $5,000 on consumer goods back then :P
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Old 09-21-2018, 06:38 AM
 
3,720 posts, read 1,667,677 times
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Quote:
Originally Posted by LifeIsGood01 View Post
If something was worth $5,000 and it increased at 120,000% does it mean it's gone up 1200 or 1201 times in value?

Do you subtract the last 2 zeros because 120000/100 = 1200?
Um, Life, if you don't know by now, don't worry about it..
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Old 09-21-2018, 10:06 AM
 
Location: Athol, Idaho
2,182 posts, read 1,055,531 times
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I dont get why some of you are adding the 5,000 after the fact.

What if somethings value increased 1% would you still add the value of the stock before the increase.
Example- $100 stock increased 1% -New value is $101. But some of you would then ad in the original value of $100 so it is now worth $201 after a increase of 1%.

Back to OP- if Stock is worth 6,005,000 (like some of you think) that would be a increase of 121,000% not 120,000%.

Edit cause I put 1 in wrong place- increase would be 120,100% if new value is $605,000

Last edited by I love boots.; 09-21-2018 at 10:10 AM.. Reason: 1 in wrong place
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Old 09-21-2018, 10:31 AM
 
844 posts, read 359,406 times
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Quote:
Originally Posted by I love boots. View Post
I dont get why some of you are adding the 5,000 after the fact.

What if somethings value increased 1% would you still add the value of the stock before the increase.
Example- $100 stock increased 1% -New value is $101. But some of you would then ad in the original value of $100 so it is now worth $201 after a increase of 1%.

Back to OP- if Stock is worth 6,005,000 (like some of you think) that would be a increase of 121,000% not 120,000%.

Edit cause I put 1 in wrong place- increase would be 120,100% if new value is $605,000
Increase in value is 1% so $100 x 1% = $1 plus $100 original value = new value of $101

Increase in value is 120,000% so $100 x 120,000% = $120,000 plus $100 original value = new value of $120,100
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Old 09-21-2018, 12:01 PM
 
1,301 posts, read 290,880 times
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Quote:
Originally Posted by JonathanLB View Post
I think you’re all missing the big picture here and a much better question... how can all of us get in on this 120,000% return?!
Haha. I was thinking the same thing. Bernie Madoff?
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