A Lesson in Compound Growth

May 23, 2016 | by Jon Sobotkin

Happy National Lucky Penny Day! Would you rather have 1 million dollars today or a penny doubled every day for 30 days?

If you started with one penny and doubled it each day for thirty days, you would have about $11 million!

doubling pennies

National Lucky Penny Day is observed each year on May 23rd.

See a penny, pick it up… All day long you’ll have good luck.

 


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