Question

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 one should he choose? why?

Answer 1

0.01 (4)^(18-1)

Answer 2

now solve that problem and you'll have your answer :D

Answer 3

what is the .01 for?

Answer 4

1 cent

Answer 5

so simplified it would be 0.01*4^17

Answer 6

so sis you get the answer?

Answer 7

did*

Answer 8

yes, 171798691.8

Answer 9

yes good job so you would rather choose option 2 :)

Answer 10

what is the name of the equation used?

Answer 11

@JA1