If choosing the second option guarantees I would still be alive to receive that dollar, then hell yeah.
All the compound interest calculators on websites refuse to go over 100 years so I guess I’ll just take the 5 mil 😭
You can calculate it manually as Future Value = Present Value * ( 1 + Interest in integer form )^number of terms
So for example a $1 at 6% APR for 5,000,000 years would be
F = $1 * ( 1 + 0.06 )^5,000,000
F = $12,615,609 if I’m not too tired to think straight rn
I think technically that does outperform inflation so you will have slightly more purchasing power than $1 today.
I knew someone would pull out their textbook and do the math if I played dumb. Weaponized incompetence wins again!
Are you my wife?!
Sucks
5 million years. It might be nice to live that long
so many ways that wish would go wrong.
ain’t worth the risk mate
I didn’t ask for six million I ain’t greedy
If the wish granter were powerful and genuine in how it was implemented it might also guarantee continuation of the human race for 5 million years.
And yet after five million years, long after humanity as a whole has fallen, you live. Standing in a grassy hill which once was New York City, you look upon the horizon.
Meanwhile somewhere within conrecete cave, deep under millions of years worth of dirt, some ancient server stirred to life, powered by some unknown magic. With it’s last spark of energy it processed operation kept within buffer, reassigning value of one between two different datasets.
As soon as it happened, you felt relief and gave out last labored breath of life, letting it finally go…as you earned the dollar you wished for.
Nope no sir because then the dollar has no meaning. For the dollar to be real there must be a state or group of people who accept the dollar as payment for goods or services or it isn’t currency.
“5 million in a year”
That year is 2143. And the US dollar has been defunct since 2028 (probably). Enjoy
How about 5 Billion now?
After taxes, you’d only have like $4.9 billion. That’s how they get you. You’d be better off taking the dollar in 5 million years and letting it grow.
You do know that interest earned is also taxed right? Letting it grow means you pay every year of how much it grew.
That’s why I’m waiting 5 million years to let it grow. I’m skipping 5 million years worth of taxes.
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How the hell am i going to live long enough to collect the 5 mil?
By then you only get 1 dollar.
I have no desire to live that long. You’d see modern civilization fall and most likely massively catastrophic events play out.
Maybe if I could keep they knowledge I currently have and the body of 25 year old me then maybe I’d consider it.
5 million years, because bread tastes better than key
I’m guessing that current forms of societies that recognise dollars only last two centuries at most.
