TVM. A farmer offers you a job that will take 30 days and you accept. He...
TVM. A farmer offers you a job that will take 30 days and you accept. He offers compensation of:
$1 million dollars upon completion of the job
1 penny the first day and doubling each day through 30 days
Which will you choose?
Homework Answers
Amount received after 30 days = 0.01 Dollar * 2(30-1)
= 536,870,912
Also 1 million after completion
you should surely choose.
Please Discuss in case of Doubt
Best of Luck. God Bless
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