... says, “I’ll give you a million dollars today if you’ll work for me for thirty days.”
The supervisor at the second job says, “I’ll give you a penny today and double your pay every day for 30 days if you’ll work for me.”
Which job would pay more?
Answer the following questions.
Use a table to solve this problem.
What is the balance for the second option after day 30?
What is the interest rate and number of periods for the second option?