Question

Your parents win the lottery and offer you an incredible deal. They will pay you money each day for 30 days for doing your chores. You can choose to be paid one million dollars on the 30th day, or you can pay be paid one cent the first day, and each day the amount you get paid is doubled from the previous day. Which is deal would you choose and why?

Answer 1

One million dollars on the 30th day, it amounts to more than the collective of pennys would.

Answer 2

I would choose the 1 million on the 30th day because it is simply the better deal