Would you take $1 million or a magic penny that doubled in value everyday for 30 days?

Dafunkdoc_Unlimited

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The Wrong Side of the Tracks
But doesn’t the post say the “value” of the penny doubles everyday,

Right, the penny's value doubles to $.02 each day.

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Prodyson

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Right, the penny's value doubles to $.02 each day.

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On day two, the value of THE penny is now .02. Using the English language if the value of THE penny doubles everyday, the single penny has a new value everyday. The post didn’t say you EARN double the value of the penny everyday. In that case you would be correct. But, it’s the actual penny’s value that doubles everyday. Why would you assume a loss (after the double) in value when it clearly says the value is doubled and nothing else?
 

old pig

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On day two, the value of THE penny is now .02. Using the English language if the value of THE penny doubles everyday…

“using the english language” means that penny should also double on day one ($0.02) as well if it doubles in value everyday for 30 days…I read the article that lays it out and even the writer got that aspect incorrect as well smh
 

Prodyson

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“using the english language” means that penny should also double on day one ($0.02) as well if it doubles in value everyday for 30 days…I read the article that lays it out and even the writer got that aspect incorrect as well smh
You’re right, I just didn’t go back and update it because it wasn’t that serious and the other guy is just trolling at this point
 

Spliff

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On day two, the value of THE penny is now .02. Using the English language if the value of THE penny doubles everyday, the single penny has a new value everyday. The post didn’t say you EARN double the value of the penny everyday. In that case you would be correct. But, it’s the actual penny’s value that doubles everyday.

Theoretically the magical penny is worth more, but it looks like a lesson in greed.

On day 30 you end up with a penny “worth” millions.

Magic penny breh at the bank on day 31:

“l’m here to cash out!”
*slams magic penny on the counter* :win:

Bank:
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Rekkapryde

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TYRONE GA!
If you took a single penny and doubled it everyday, by day 30, you would have $5,368,709.12. However, it's important to note that it's all about the power of doubling - if you asked the same question, but changed the doubling time to just 27 days, you would only have $671,088.64

You come out ahead on the 28th day. You'd have a shyt ton of pennies to deal with though lol

:mjgrin:


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