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anonymous
 5 years ago
1. First, how much Palantium did Mr. Corridge have ownership of in 1905?
Info: In 1880, Mr. Corridge invested $7,000 into an account earning 4.5% interest annually. Then, in 1890, he invests an additional $2,500 into the same account, only to withdraw all funds after only three years, in 1893.
Palantium cost $0.21 per ounce in 1887 and has grown in price linearly at a rate of 0.72 cents ($0.0072) per ounce per year ever since then
It stands to reason that Mr. Corridge withdrew his money in 1893 to redirect all of his investments into something more profitable – Palantium.”
anonymous
 5 years ago
1. First, how much Palantium did Mr. Corridge have ownership of in 1905? Info: In 1880, Mr. Corridge invested $7,000 into an account earning 4.5% interest annually. Then, in 1890, he invests an additional $2,500 into the same account, only to withdraw all funds after only three years, in 1893. Palantium cost $0.21 per ounce in 1887 and has grown in price linearly at a rate of 0.72 cents ($0.0072) per ounce per year ever since then It stands to reason that Mr. Corridge withdrew his money in 1893 to redirect all of his investments into something more profitable – Palantium.”

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anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0And: Palantium has a halflife of 170 years, that is, if you start with a certain amount of Palantium, then in 170 years, you will have only half of the amount you started with.
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