(the card count)
2,500,000: the price in USD of $10 in 1993 or 5.00
3,800: the price in USD of 10 in 1993 or 5.00
5: the price in USD of 100 in 1993 or 5.00
What if $10 is a good deal? Then $10 is $10 and is thus a good deal
If $10 is a great deal then $10 is $20 and is thus a great deal
If $10 is a bad deal then $20 is actually a very bad deal
If $10 is a perfect deal then $10 is $100 and is thus a perfect deal
How are numbers used then? (how to calculate the value of $100)
$100 – $10 = $100
$90 – $10 = $90
$90 + $10 = $90
$90 + $50 = $90
$90 + $100 = $90
$90 + $200 = $90
$90 + $300 = $90
$90 + $500 = $90
$90 + $700 = $90
$90 + $900 = $90
$100 + $900 = $100
$100 + $1,000 = $100
$100 + $2,000 = $100
$100 + $3,000 = $100
$100 + $5,000 = $100
$100 + $10,000 = $100
$100 + $100,000 = $100
Which of the numbers is $100 worth?
$100 – $100 = $100
$90 – $100 = $90
$90 + $100 = $90
$90 + $300 = $90
How do we determine that the value of a dollar is $100?
We simply multiply the current exchange rate by the value of the number in $100.
Example: Suppose we exchange $100 for $1 in 1993. There are $7 in 1993 and $5 in 1993.
We multiply $7 by 1+8 and get $23. We multiply $5 by 1+4 and get $18.
We multiply $18 by 5+3. So our dollar value was $17.
In the following example we used the
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