How long to become a millionaire

It reminds me of the kid who was asked if he wanted $10 to mow the lawn, or alternatively, 1 cent on the first of the month, 2 cents on the second of the month, 3 cents on the third of the month, and so on through the 30th of the month. The later gives you in excess of $10 million.
 
Quote from Hurricane:

It reminds me of the kid who was asked if he wanted $10 to mow the lawn, or alternatively, 1 cent on the first of the month, 2 cents on the second of the month, 3 cents on the third of the month, and so on through the 30th of the month. The later gives you in excess of $10 million.

You might want to recheck your math on that one. I think you must have remembered the example incorrectly. The latter will give you $4.65 in your example.
 
Quote from EricP:

You might want to recheck your math on that one. I think you must have remembered the example incorrectly. The latter will give you $4.65 in your example.

uhh.. no. 2^30=10737418.24
 
Quote from sandygray66:

I think hurricane meant:

.01, .02, .04, .08, etc.

not:

.01, .02, .03, .04, etc (which is what he typed).

Yes. I was hasty. Meant to double the amount daily.
 
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