Welcome to the College Prep Confidential Podcast

1 million or a penny doubled for 30 days?

1 million or a penny doubled for 30 days?

What you rather have $1,000,000 now or a penny today doubling for 30 days? The Answer might surprise you.

Day 1 = $0.01
Day 2 = $0.02
Day 3 = $0.04
Day 4 = $0.08
Day 5 = $0.16
Day 6 = $0.32
Day 7 = $0.64
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 = $83,886.08
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