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    #1

    get the best end of

    Please make the following in red clear for me.

    If they could have got 6% interest, their $1,000 would have turned into nearly $6 trillion---at which price the seller definitely got the best end of the deal.

    Thank you.

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    #2

    Re: get the best end of

    not a teacher

    The person or entity who benefits most from a deal is said to have got the best end of the deal.

  1. MikeNewYork's Avatar
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    #3

    Re: get the best end of

    Quote Originally Posted by unpakwon View Post
    Please make the following in red clear for me.

    If they could have got 6% interest, their $1,000 would have turned into nearly $6 trillion---at which price the seller definitely got the best end of the deal.

    Thank you.
    It would be impossible to turn $1000 into $6 trillion at 6% in several lifetimes. Even compounded daily, after 100 years, one would have about $400,000.

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    #4

    Re: get the best end of

    Quote Originally Posted by MikeNewYork View Post
    It would be impossible to turn $1000 into $6 trillion at 6% in several lifetimes. Even compounded daily, after 100 years, one would have about $400,000.
    Let me quote the related passage.

    Dutch colonists bought Manhattan for 60 guilders in 1626 from Native Americans ..... the value has been estimated at about $1,000. If invested for the 386 years since, at 4% interest, that money would now be worth $3.75bn ..... If they could have got 6% interest, their $1,000 would have turned into nearly $6 trillion...

  2. Barb_D's Avatar
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    #5

    Re: get the best end of

    Ugh. What a silly comparison.
    *IF* the Native Americans who sold Manhattan to the Dutch had been able to invest their $1000 at 6% interest which compounded daily and then never touched a dollar of it, and had lived 388 years (apparently they are Native American vampires), then they would have about $6,000,000,000,000 dollars.

    The writer says that this money is worth more than the current value of Manhattan. But 1) there was no way for these people to have invested their money at 6% compounding interest, 2) no ones lives 388 years, and 3) it's unlikely they would have never touched any of the money. So it's a very silly thing to say.
    I'm not a teacher, but I write for a living. Please don't ask me about 2nd conditionals, but I'm a safe bet for what reads well in (American) English.

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