My high school math teacher introduced exponential growth by asking the class if we'd take $1M now or $0.01 doubled daily for a month. We, as most people do, wanted the $1M, but the penny turns into more than $5M.
Had to explain this to someone yesterday. They literally wouldn't believe me until I screenshotted an Excel spreadsheet of the daily doublings, despite a finance degree.
Had to explain this to someone yesterday. They literally wouldn't believe me until I screenshotted an Excel spreadsheet of the daily doublings, despite a finance degree.