Compound interest I love it,, I love it,,,, I love it ,,,,,,,,
by, Sep 27th, 2010 at 07:47 PM (636 Views)
You're walking down the street and some mysterious stranger offers you a proposition: He'll give you either a million dollars, or a penny that doubles every day for a month. You think, "Hey, my mom didn't raise no fool! Give me the cool million upfront."
Sorry, but you should have taken the penny. Because at the end of 30 days, you'd have $5,368,709.12. That's a little more than one million dollars, no?