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John is healthy and planning on retiring from the company at the age of 55 years....

John is healthy and planning on retiring from the company at the age of 55 years. His company is offering two options for his retirement

Option 1: Five million dollars today and $1,000,000 everyday for next 30 years.

Option 2: $1,000 today and double the amount of the previous year for next 30 years.

Which option should John choose and why? Please write your advice using complete sentences that includes the total amount he will receive in thirty years for both options.

Math   Calculus   
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