The Power of Compounding

If I were to offer you 1 cent to clean my entire house.
Would you do it?

What if I extended that offer into a 31 day contract for which I would
double your pay each day for each of the 31 days.

1...2...4...8 etc. Would you do it now ?

If you turned it down, you would be giving up over 21 million dollars.

Day 1 0.01
Day 2 0.02
Day 3 0.04
Day 4 0.08
Day 5 0.16
Day 6 0.32
Day 7 0.64
Day 8 1.28
Day 9 2.56
Day 10 5.12
Day 11 10.24
Day 12 20.48
Day 13 40.96
Day 14 81.92
Day 15 163.84
Day 16 327.68
Day 17 655.36
Day 18 1310.72
Day 19 2621.44
Day 20 5242.88
Day 21 10485.76
Day 22 20971.52
Day 23 41943.04
Day 24 83886.08
Day 25 167772.16
Day 26 335544.32
Day 27 671088.64
Day 28 1342177.28
Day 29 2684354.56
Day 30 5368709.12
Day 31 10737418.24


Total = $21,474,836.47

Only the wise take on such offers.