MolaKule Staff member Joined Jun 5, 2002 Messages 24,026 Location Iowegia - USA Dec 30, 2017 #1 Marland Oil Company Last edited: Dec 30, 2017
salesrep Joined Aug 22, 2003 Messages 3,653 Location lllinois Dec 30, 2017 #2 Wow. 10% of the worlds oil production from the jump!
L Linctex Joined Dec 31, 2016 Messages 10,144 Location Waco, TX Dec 30, 2017 #4 I have been to Marland's old Ponca City, Oklahoma offices (Now Conoco) Everything is pretty much gone now. Ponca City was a truly amazing place in earlier times.
I have been to Marland's old Ponca City, Oklahoma offices (Now Conoco) Everything is pretty much gone now. Ponca City was a truly amazing place in earlier times.
K Kira Joined Aug 19, 2010 Messages 13,400 Location Champlain/Hudson Valley Dec 30, 2017 #5 Marland, worth $85,000,000 in 1920 = X today. Find X.
salesrep Joined Aug 22, 2003 Messages 3,653 Location lllinois Dec 30, 2017 #6 1.3 billion... at a measly 3% growth/inflation rate Last edited: Dec 30, 2017
L Linctex Joined Dec 31, 2016 Messages 10,144 Location Waco, TX Dec 30, 2017 #7 Originally Posted By: salesrep 1.3 billion... at a measly 3% growth/inflation rate Obviously not compounded.
Originally Posted By: salesrep 1.3 billion... at a measly 3% growth/inflation rate Obviously not compounded.
S shanneba Joined Jul 10, 2004 Messages 1,094 Location Indiana (IN) Dec 30, 2017 #8 $85,000,000 in 1920 had the same purchasing power as $1,085,805,291 in 2017 X = $1,085,805,291 in 2017 https://www.moneysavingtips.org/calculate/inflation/85000000 Last edited: Dec 30, 2017
$85,000,000 in 1920 had the same purchasing power as $1,085,805,291 in 2017 X = $1,085,805,291 in 2017 https://www.moneysavingtips.org/calculate/inflation/85000000
salesrep Joined Aug 22, 2003 Messages 3,653 Location lllinois Dec 30, 2017 #9 Yes. Compounded. Rule of 72.