Penny Doubled Daily Principle

WHEN A PENNY IS DOUBLED DAILY FOR 30 DAYS, WHAT HAPPENS

The scenario was that if you were given a choice to receive one million dollars in one month or a penny doubled every day for 30 days, which one would you choose? This is the one economic principal that is Biblical.

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

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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

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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

Just like starting a business. In the beginning you struggle a lot to get things going and afterwards once it reaches to a point it just takes off smoothly. You spend 80% of your fuel during take off and once it reaches a certain point it flies smoothly with minimal consumption.


posted by Willie faq , penny