Which would you rather have $1000000 or a penny doubled every day for 30 days?
The amount of money each day doubles for those who don't understand the question. 1 cent on day one, two on day two, four on day three, eight on day for, and so on and so forth.
I'll take the $ 1,000,000. I prefer to keep it nice and simple!
Take the penny doubled daily--you end up with way more than a measly million..In fact, when I tried to figure this one out years back on one of the first hand held calculators--it filled up the screen with an overflow error code--the calculator couldn't handle that many digits.
On the first day, you'd earn a penny; on day 2, 2 cents, on day 3, 4 cents, and so on, until by day 20, you'd have You'd have somewhere around $524,288 for a single day's work, and by the 30th day, $536,870,912--for a single day's work. Add it all up, and you could comfortably retire on a single months' wages!
I want to say the million...but something is telling me the pennies are the way to go!
One million dollars for me would be plenty, but it would depend on whether you want it RIGHT NOW or not because......
A penny doubled every day for 30 days would be 1 cent + 2 cents + 4 cents + 8 cents + 16 cents + 32 cents + 64 cents + $1.28 + $2.56 + $5.12 + $10.24 + $20.48 + $40.96 + $81.92 + $163.84 + $327.68 + $655.36 + $1,310.72 + $2,621.44 + $5,242.88 + $10,485.76 + $20,971.52 + $41,943.04 + $83,886.08 + $167,772.16 + $335,544.32 + $671,088.64 + $1,342,177.20 + $2,684,354.40 + $5,368,708.80 = a grand total of $10,737,417.47!
Even if my math was slightly off, it would still be a lot more money to wait for the penny to double every day for 30 days and get 10+ times more money! Personally, I'll take the one million dollars RIGHT NOW, since patience is definitely not my forte...
Insane already did the math and posted it before I could. I would definitely take the penny doubled up. Even though it would be difficult to wait for it, I could make myself wait the 30 days for that much money!
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