Would you rather have $10,000,000 and a brand new BMW, or 1¢ today, 2¢ tomorrow, 4¢ on day 3, 8¢ on day 4, 16¢ on day 5, and so on, for 30 days? Explain.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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Would you rather have $10,000,000 and a brand new BMW, or 1¢ today, 2¢ tomorrow, 4¢ on day 3, 8¢ on day 4, 16¢ on day 5, and so on, for 30 days? Explain.

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