Nov 29, 2009

How Many Days to Turn a Penny into a Million Dollars?

Soon we will take our first Alzheimer's Reading Room trip over to the Alzheimer's Bunkhouse.

How Many Days to Turn a Penny into a Million Dollars?
Lets assume you have a penny (once cent).

Lets say you invested the penny and at the end of the first day it doubled. You would then have two cents. Nothing to get excited about right?

Lets assume you started investing day after day. So on day two you invested your two cents and ended the day with 4 cents. Each succeeding day you invested and every day you doubled your money.

If you don't know the answer to this question off the top of your head, you might be surprised when you learn the answer.

Answer: 28 days.

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Bob DeMarco is the Founder of the Alzheimer's Reading Room and an Alzheimer's caregiver. The ARR knowledge base contains more than 3,811 articles with more than 306,100 links on the Internet. Bob lives in Delray Beach, FL.
Original content Bob DeMarco, the Alzheimer's Reading Room