Select the richest guy: A: A guy with USD5,000,000 B: A guy that has just 1 cent but it will be doubled everyday for ONLY 30 days.
At the end of 30 days, guy A will still have USD5,000,000 but guy B will have Day 1 - $0.02 Day 2 - $0.04 Day 3 - $0.08 Day 4 - $0.16 Day 5 - $0.32 Day 6 - $0.64 Day 7 - $1.28 Day 8 - $2.56 Day 9 - $5.12 Day 10 - $10.24 Day 11 - $20.48 Day 12 - $40.96 Day 13 - $81.92 Day 14 - $163.84 Day 15 - $327.68 Day 16 - $655.36 Day 17 - $1,310.72 Day 18 - $2,621.44 Day 19 - $5,242.88 Day 20 - $10,485.76 Day 21 - $20,971.52 Day 22 - $41,943.04 Day 23 - $83,886.08 Day 24 - $167,772.16 Day 25 - $335,544.32 Day 26 - $671,088.64 Day 27 - $1,342,177.28 Day 28 - $2,684,354.56 Day 29 - $5,368,709.12 Day 30 - $10,737,418.24
Guy B will have a whopping USD10,737,418.24
Answer: A guy that has just 1 cent but it will be doubled everyday for ONLY 30 days.
Select the richest guy: A: A guy with USD5,000,000 B: A guy that has just 1 cent but it will be doubled everyday for ONLY 30 days.
At the end of 30 days, guy A will still have USD5,000,000 but guy B will have Day 1 - $0.02 Day 2 - $0.04 Day 3 - $0.08 Day 4 - $0.16 Day 5 - $0.32 Day 6 - $0.64 Day 7 - $1.28 Day 8 - $2.56 Day 9 - $5.12 Day 10 - $10.24 Day 11 - $20.48 Day 12 - $40.96 Day 13 - $81.92 Day 14 - $163.84 Day 15 - $327.68 Day 16 - $655.36 Day 17 - $1,310.72 Day 18 - $2,621.44 Day 19 - $5,242.88 Day 20 - $10,485.76 Day 21 - $20,971.52 Day 22 - $41,943.04 Day 23 - $83,886.08 Day 24 - $167,772.16 Day 25 - $335,544.32 Day 26 - $671,088.64 Day 27 - $1,342,177.28 Day 28 - $2,684,354.56 Day 29 - $5,368,709.12 Day 30 - $10,737,418.24
Guy B will have a whopping USD10,737,418.24
Answer: A guy that has just 1 cent but it will be doubled everyday for ONLY 30 days.
BY Riddles Repository - Answers
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Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
How to Buy Bitcoin?
Most people buy Bitcoin via exchanges, such as Coinbase. Exchanges allow you to buy, sell and hold cryptocurrency, and setting up an account is similar to opening a brokerage account—you’ll need to verify your identity and provide some kind of funding source, such as a bank account or debit card. Major exchanges include Coinbase, Kraken, and Gemini. You can also buy Bitcoin at a broker like Robinhood. Regardless of where you buy your Bitcoin, you’ll need a digital wallet in which to store it. This might be what’s called a hot wallet or a cold wallet. A hot wallet (also called an online wallet) is stored by an exchange or a provider in the cloud. Providers of online wallets include Exodus, Electrum and Mycelium. A cold wallet (or mobile wallet) is an offline device used to store Bitcoin and is not connected to the Internet. Some mobile wallet options include Trezor and Ledger.
