3. Would you rather start with a penny ($0.01) and double your wealth every day or start with a dime ($0.10) and double your wealth every five days? Assume you want to make the most possible money. Use math and justify your answer.

• In this case I would choose to receive a penny each day because it would make you the most money.

• 0.01 + 0.01 *2 + 0.01 * 4 + 0.01 *8 + 0.01 * 16 + 0.01 * 32 + 0.01 * 64 etc

• Let's say we plug in 7 days wed get 0.01 + 0.02 + 0.04 + 0.08 + 0.16 + 0.32 + 0.64 = $1.28

• If we did the math for dimes, youd only have $0.10 after 7 days

4. Based on your answer to question 3, which is more important in determining how fast exponential growth occurs: the doubling time or the initial amount? Explain.

PLEASE ANSWER QUESTION 4 based off number 3 answer