



 
Hello Pat. I always hear about kids getting their parents to agree to this for their allowance  poor parents! On the first day, you have $0.01. So on the 30th day, you have $0.01 x 2^{29} = $5 368 709.12 That's the power of compound interest! It is equivalent to 100% interest per day paid daily. On even a penny as your initial investment, it climbs immediately to unfathomable heights! Stephen La Rocque.>  


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