Sequences(new unit)

This new unit will talk about sequences....(obviously)
Today:
PYRAMID SCHEMES(Illegal)
Pyramid schemes can be made by anybody.Pyramid schemes are inherently injurious to consumers because as a mathematical certainty, they are doomed to collapse. As in the case of chain letters that require a payment, only the people at the very top make any money.

EX> 6
36

216
1,296......ect
Pyramid schemes exploit people. This with limited knowledge of business such as individuals who have little experience in direct sales.
Why would anyone join a pyramid scheme?
They are sold to people that are assured that they are absolutely legal...(THEY ARE NOT NOT NOT LEGAL)
These people expect money to come in later down the line or any sort of promised prize and they do not receive it. These people that start these are con artists.
EX...
Dear investor:
You will be a millionaire....!!!! send 20 dollars to me with this letter.I will send it out to 6 people who will send it to six others and so on. for every person sent to you will receive 5 dollars. this is how it will work:::

round	letters sent	responses	total people
1	200	12	200
2	2400	144	2600
3	28800	1728	31400
4	345600	20736	377000
5	4147200	248832	4524200
6	49766400	2985984	54290600	$14,929,920.00
7	597196800	35831808	651487400
8	7166361600	429981696	7817849000

This here is how it would work out if 6% of the people responded to the letters.

some times these are really bad schemes and the people do not send out any money and they take 100% of the profit this is what happens in most cases..