what is 5 cents doubled for 30 days

If you start with 5 cents and double it every day for 30 days, you would end up with $5,368,709.12. This exponential growth showcases the power of compounding over time. On the first day, you would have 5 cents, on the second day, you would have 10 cents, on the third day, you would have 20 cents, and so on. By the end of the 30th day, you would have over $5 million.