Suppose you are offered a job that lasts one month. Which of the following methods of payment

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Suppose you are offered a job that lasts one month. Which of the following methods of payment do you prefer?
I. One million dollars at the end of the month
II. One cent on the first day of the month, two cents on the second day, four cents on the third day, and, in general, 2n-1 cents on the th day.
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Corporate Finance

ISBN: 978-0077861759

10th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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