Looking for responses from open minded, positive people. Folks who see the glass as half full instead of empty.
2006-07-19 09:38:17 · 23 answers · asked by birdsfan 1 in Business & Finance ➔ Careers & Employment
The penny thing
in 28 days = $1,342,177.28
in 29 days = $2,684,354.56
in 30 days = $5,368,709.12
in 31 days = $10,737,418.24
If someone who wants to take the $1 million dollar lump sum can turn it into $10 million dollars in a month, then you should be an investment broker on wall street right now!
Also, if the rules are that you get a penny and then it doubles every day for a 31 day month and starts doubling on day 1, then day 31 = $21,474,836.48
The people who can't do a little math to figure out that they could earn 10 to 20 mill in one month deserve to get the lump sum! LOL.
2006-07-19 09:42:39 · answer #1 · answered by ßÙŠTËÐ 2 · 3⤊ 1⤋
I'd take the penny double for two reasons:
1) I'm the type of person who would save up and invest for the future
2) You'd reap better benefits in the long run (I did the math and ended up with $10,737,418.24)
2006-07-19 09:44:34 · answer #2 · answered by Kevin J 2 · 0⤊ 0⤋
Depends how long you plan to live.
I'd take the penny doubling! You'd make a little over 10 million if you're patient.
Some people can turn 1 million into that in a month or so.... well... if you're smart.
2006-07-19 09:43:53 · answer #3 · answered by blu_dragon_1004 3 · 0⤊ 0⤋
take the penny to double! you end up with over a million dollars 1 month!
i've heard that before and i didn't think it was possible until you actually do the math-- it's soo cool!
2006-07-19 09:44:24 · answer #4 · answered by angelcdm228 4 · 0⤊ 0⤋
i choose a penny a day doubled. In the long run you end up with more money.
2006-07-19 09:43:06 · answer #5 · answered by EvansMommy 2 · 0⤊ 0⤋
i would take the million.. then i would get it changed into 100 million pennies and invest them in your penny doubling scheme
2006-07-19 09:41:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I'd take the million cash right now & invest it wisely, spend some & then sit back & smile.
2006-07-19 09:42:19 · answer #7 · answered by Bluealt 7 · 0⤊ 0⤋
the penny that doubles - it adds up REALLY fast
on day 31 you would get
$10,737,418.24
2006-07-19 09:41:45 · answer #8 · answered by Kutekymmee 6 · 0⤊ 0⤋
The penny - in 28 days, I'd have $1,342,177.28, in 31 days, I'd have $10,737,418.24.
2006-07-19 09:43:11 · answer #9 · answered by Just Me 3 · 0⤊ 0⤋
a penny doubled everyday comes out to be more money...duh!
2006-07-19 09:45:12 · answer #10 · answered by B-Dub 3 · 0⤊ 0⤋