Is the math riddle in the movie The Happening true?

better the guy sais a riddle that will be “basically compensated your a cent from the first-day, 2 cents the 2nd time, 4 cents the next, dual they each day by the conclusion the period just how much are you willing to bring?”

you obtain something similar to 10 million 7 hundred thousand $. so a billion and one cents. MOST cents than really occur in my opinion!!!!