Would you rather a penny a day doubled everyday for 30 days or given a Million dollars upfront?

QUESTION: Would you rather A penny a day doubled everyday for 30 days or given a million dollars upfront?

Most would be quick to say what type of stupid question is that and take the million dollars upfront of course.

Until you see this:

Day 1: $.01
Day 2: $.02
Day 3: $.04
Day 4: $.08
Day 5: $.16
Day 6: $.32
Day 7: $.64
Day 8: $1.28
Day 9: $2.56
Day 10: $5.12
Day 11: $10.24
Day 12: $20.48
Day 13: $40.96
Day 14: $81.92
Day 15: $163.84
Day 16: $327.68
Day 17: $655.36
Day 18: $1,310.72
Day 19: $2,621.44
Day 20: $5,242.88
Day 21: $10,485.76
Day 22: $20,971.52
Day 23: $41,943.04
Day 24: $83,386.08
Day 25: $167,772.16
Day 26: $335,544.32
Day 27: $671,088.64
Day 28: $1,342,177.28
Day 29: $2,684,354.56
Day 30: $5,368,709.12

on the 30th day you will have $5.3 Million.

Still want the million???  This is a simple lesson in compound interest.. While many would take the million upfront and quickly invest it, others would take the million up front because they don’t understand the calculations… 


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