$3,100,000 or $10,737,418?

Via investopedia.com   Article

Make Money with Compound Interest

“A quick way to understand the impact of compound interest is to ask yourself if you’d rather receive $100,000 a day for a month, or start with a penny on day one and double it every day for those same 31 days. Which one did you choose?  If you selected the first, you’ll get $3,100,000 – which is a nice amount.  But if you selected the second alternative, you’ll end up with $10,737,418.24, which is obviously much better.”

 

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