math

posted by .

Imagine that I am hiring you to work for me for the next month (30 days). Would you rather have $10,000 in a single payment on the 30th day? Or would you rather be paid by the following schedule: on the first day, $0.01; on the second day, $0.02; on the third day, $0.04; on the fourth day, $0.08; and so on, doubling your daily salary each day for the whole month?

  • math -

    put this in your google search window:

    .01*2^30=

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Accounting ASAP

    Forcasting Payments If firm pays it's bill with 30 day delay, what fraction of it's purchases will be paid for in the current quarter?
  2. Delay of Gratification

    Which of the following illustrates the concept of delay of gratification?
  3. Math word problem

    Which would you rather be paid for 12 days - $100 per day for the 12 days or one dollar for the first day, $2.00 the second, $4.00 the third, $8.00 the fourth, etc., up to and including the 12th day?
  4. Math

    The Robinsons decide they would rather purchase the $85,000 home. Their bank requires a 5% down payment to be paid to the seller and a payment of 1 point (1%) of the mortgage at the time of closing. How much is the down payment?
  5. math

    1. At Smith's club the pay-per-visit fee is $5 per day. would Smith save money paying per visit?
  6. Math PLease help

    If katie paid tasha $0.01 on the first day of a 31 day month and doubled the amount everyday throught the month, how much money would Tashe receive from kate on the last dayb of the month Use formula 2N-1 (0.01)(whhere n equals number …
  7. A

    You have just landed your first summer job and your boss has told you that you can choose from one of 3 pay structures for the first week (7 days) that you work there. And after the first week, your pay will be frozen at the final …
  8. ALGEBRA

    You have just landed your first summer job and your boss has told you that you can choose from one of 3 pay structures for the first week (7 days) that you work there. And after the first week, your pay will be frozen at the final …
  9. English

    1. I would rather die than surrender. 2. I would rather fail than cheat. 3. I would rather play games than study. 4. I would rather walk to work than go to work by car. ------------------------------- Are they all grammatical?
  10. Business Math and Statistical Measures

    You decide to take out an ordinary loan of $30,000 at 4%, on a 90 day note. In 45 days you decide to make a payment of $10,000 on the loan. What is your new principal?

More Similar Questions