Fun Fact of the Day, February 1, 2019

February 1, 2019

The better choice - If you’re offered $100,000 cash up front or a penny that’s doubled every day for a 31-day month, go with Abe Lincoln. Start with a penny and double its sum every day and you’ll accrue a lump sum of $10,737,418.23 at the end of a 31-day month. Now that’s compounding interest!

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