A Rich Man's Promise
A rich man promises to give you \( \$ 1000 \) on September \( 1 \) . Each day thereafter he will give you \( \frac { 17 } { 20 } \) of what he gave you the previous day. What is the first date on which the amount you receive is less than \( \$ 0.01 \) ? How much have you received when this happens?