Bill Gates offers you a job for one month. He gives you a choice of one of the two possible salary schemes: you can receive either a sum of $10,000 a day for each day of the month (including weekends), or you will receive your payment, according to the following formula: 1 cent for the first day, 2 cents for the second day, 4 cents for the third day, 8 cents for the fourth day etc. Which payment would you choose and why?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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hi, PLEASE TYPE OUT ALL THE ANSWERS AND EXPLAIN IN DETAIL OF EACH STEP AND PLEASE TYPE EVERYTHING OUT. NO HANDWRITING. ITS HARD FOR ME TO READ.
Bill Gates offers you a job for one month. He gives you a choice of one of the two
possible salary schemes: you can receive either a sum of $10,000 a day for each
day of the month (including weekends), or you will receive your payment,
according to the following formula: 1 cent for the first day, 2 cents for the second
day, 4 cents for the third day, 8 cents for the fourth day etc. Which payment would
you choose and why?
Transcribed Image Text:Bill Gates offers you a job for one month. He gives you a choice of one of the two possible salary schemes: you can receive either a sum of $10,000 a day for each day of the month (including weekends), or you will receive your payment, according to the following formula: 1 cent for the first day, 2 cents for the second day, 4 cents for the third day, 8 cents for the fourth day etc. Which payment would you choose and why?
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