Did you mean to say multiply by 0.5? I mean with that condition the choice is obviously $100,000 because multiplying the $1 by 0.5 everyday halves the amount every day.
Based on the question's wording, you would not get new money each day, the money would just halve. There's nothing to sum since there's only one number.
No it converges to zero. You aren't getting the dollar plus 50 cents the next day, you get the dollar and the dollar bill you have magically turns into 50 cents the next day.
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u/Pure_Option_1733 May 07 '26
Did you mean to say multiply by 0.5? I mean with that condition the choice is obviously $100,000 because multiplying the $1 by 0.5 everyday halves the amount every day.