A Dollar Doubled Every Day For A Month

Assuming a genie just appeared before you and asked you to choose between these two options — giving you a dollar today and doubling it every day for 30 days or giving you $1 million today — which one would you choose? The truth is, most people would choose to have $1,000,000 today. But what if I told you that the doubling dollar option would result in much more money by the end of the month? Let's break down the math and see why compounding can be so powerful.