Option 1 : take 500,000 cash immediately
Option 2: take the prize on march 12 , if it is calculated by tripling the amount each day , beginning with 3 $ on march 1
a) use a power to represent the amount on march 12
b) use your calculator to calculate the amount on march 12
c) which option is the better deal for the lottery winner ?
d) if the offer were continued on what day would the amount be greater than 1 million dollars?
