A Penny Doubled For 30 Days is How Much?
Penny Doubled For 30 Days Calculation and Chart
If you ask the average person if they want to have a penny doubled for 30 days or $2 million dollars, they are likely going to take the $2 million. It is a tricky question, doubling a penny doesn’t seem like it would amount to much right?
Well at the end of 30 days that $0.01 is worth $5,368,709.12!
Surprised?
This is the power of compounding.
Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.
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