Penny today and doubled for a month...
Now,
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Penny today and doubled for a month... Now,
If given the choice, most people would take a million dollars in one lump sum instead of a penny today then doubled every day for a month. Here is that figure if you started with a single penny then doubled the figure each day for a month.
DayAmount Doubled
1$0.01
2$0.02
3$0.04
4$0.08
5$0.16
6$0.32
7$0.64
8$1.28
9$2.56
10$5.12
11$10.24
12$20.48
13$40.96
14$81.92
15$163.84
16$327.68
17$655.36
18$1,310.72
19$2,621.44
20$5,242.88
21$10,485.76
22$20,971.52
23$41,943.04
24$83,886.08
25$167,772.16
26$335,544.32
27$671,088.64
28$1,342,177.28
29$2,684,354.56
30$5,368,709.12
31$10,737,418.24
which would you rather have?