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OpenStudy (anonymous):
A lottery winner must decide between two methods of payment. Choice one is to receive a lump sum of $100,000,000. Choice two is to begin with one cent on day 1, four cents on day 2, 16 cents on day three, and so on until the end of 18 days. Which choice should the lottery winner select?
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OpenStudy (anonymous):
\[\sum _{k=0}^{17} 4^k=22,906,492,245 \text{ cents} = \$ 229,064,922.45 \]Select the second choice.
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