I went on the internet today looking for the answer to this question:Day 1: $.01
Which would you rather have, $1000 or a penny a day for 31 days, doubled?
There were millions of results but not one result that I checked was correct. Here is the answer. A penny a day for a 31-day month is 31 cents. Doubled, makes it 62 cents. If you try this out on someone else, and they think the answer is different, then they didn't pay atention to the question!
Now, if you were to invest a penny into an investment that doubled every day, here is how that works out: