Which is the better deal: a deposit of one penny today in an account that will offer a
daily return of 100% for one month (i.e., the value of the account is doubled every day
for 30 days)or a lump sum of $10 million to be received thirty days from today?

Question

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The Answer of Which is the better deal: a deposit of one penny today in an account that will offer a
daily return of 100% for one month (i.e., the value of the account is doubled every day
for 30 days)or a lump sum of $10 million to be received thirty days from today?

Which Is the Better Deal: a Deposit of One Penny