Rule Of 72
A rule stating that in order to find the number of years required to double your money at a given interest rate, you divide the compound return into 72. The result is the approximate number of years that it will take for your investment to double....
Not to be confused with 72-year rule. In finance, the rule of 72, the rule of 70 and
the rule of 69.3 are methods for estimating an investment's doubling time.
The rule of 72 is a shortcut to estimate the number of years required to double
your money at a given annual rate of return. The rule states that you divide the
Jan 19, 2016 ... The 'Rule of 72' is a simplified way to determine how long an investment will take
to double, given a fixed annual rate of interest. By dividing 72 ...
The rule says that to find the number of years required to double your money at a
given interest rate, you just divide the interest rate into 72. For example, if you ...
The Rule of 72 is a great mental math shortcut to estimate the effect of any growth
rate, from quick financial calculations to population estimates. Here's the ...
Do you know the Rule of 72?. It's an easy way to calculate just how long it's going
to take for your money to double. Just take the number 72 and divide it by the ...
Apr 25, 2015 ... How long does it take to double your money? You likely can have twice as much
wealth in 10 years, if you invest it in stocks, or 72 years if it ...
Take a closer look. You are 24 and have $3,000 in savings. You put it in an
account that you expect to earn 8%. According to the Power of 72, it will take 9
Compound interest can have a dramatic effect on the growth of a single deposit.
By dividing 72 by your investment return you can determine the amount of time ...