Question

A person offers you the following deal. You can have the proceeds of $2 doubled each year at the end of 15 years, or you can have $10,000 at the end of 15 years. Which deal should you take? Why?

Answer 1

The deal I would take is the first deal.

Step-by-step explanation:

I would take the first deal because as it's getting doubled by the number after the fourth year you would make $65,536 which is way more money then $10,000 at the end of 15 years.

Answer 2

I’d take the first answer as it getting doubled by the number so after the 4th year you’d make $65,536 which already a better deal then the second answer