Back to Basics: Compound Interest

Suppose you started with one penny on the first day of the month and then doubled it each day—to two cents, then four, then eight and so on.
After 10 days, you’d have $5. After 20 days, you’d have $5,000 and, after 30 days, you’d have more than $5 million.
Read the details in Jonathan Clements' blog: https://humbledollar.com/2019/01/repeat-for-emphasis/