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Entries Tagged ‘Investment’

Answer to Investment Question


In my previous post I asked, which was the better investment option between a choice of £1,000,000 in 30 days or 1 pence now that doubles every second for the next 30 days.
The correct answer is option (b). This might come as a surprise to some because the option to receive £1,000,000 in 30 days [...]

Investment Question


From an investment perspective, which of these two options would you prefer?
a) Opt to receive £1,000,000 in 30 days
OR
b) Opt to receive 1 pence now, which doubles every second for the next 30 days?
In otherwords, is it option a) or b) that is a better deal?
If you know the answer you can leave [...]

  
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