10 million or 10$ x2 every day till the end of 5 years

If I'm reading it right, the $10 x 2 everyday means that everyday that $10 will be multiplied by 2? Meaning
Day 1: $10
Day 2: $20
Day 3: $40
Day 4: $80

and so on and so forth.

If that's the case, I'll take that!