a lottery winner must decide between 2 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, three cents on day 2, nine cents on day three, and so on until the end of 22 days. Which choice should the lottery winner select? Using complete sentences, explain the procedure taken to answer this question.

Question

anonymous · Answer

$10,460,353,203 is what you would get using the method for choice 2. This method of payment is more useful. To get this amount of money using choice 2, multiply 1 x 3 = 3, and now there are 21 days left. 3 is being multiplied exponentially 21 times, so $$3^{21}$$ is how you would get the answer.

anonymous · Answer

thanks!

anonymous · Answer

your welcome! :)

anonymous · Answer

im so bad at math, and i have to have this class done tonight :/

anonymous · Answer

well you can keep asking questions on OpenStudy and we will answer ;)

anonymous · Answer

i posted a few other things, but i literally have a midterm, final, 2 projects, and a few assignments to do

anonymous · Answer

that's bad, good luck on them

anonymous · Answer

i was gonna finish it thursday but i had a family passing so i wasnt able to do it. thanks tho!