Fantastic Rule Of 72 Example images
Rule Of 72 Example. It is a fairly accurate measurement, and more so when using lower interest ratesInterest RateAn interest rate refers to the amount charged A simple interest rateSimple InterestSimple interest formula, definition and example. How long will it take for the money to double?
Maybe if you go back to your college finance class?
There is a curious and helpful trick that allows us to mentally estimate annual compound interest amounts, where we are interested in doubling our money.
Financial Health Blog: The Rule of 72: Doubling of Money
Compound interest calculation and The rule of 72
Rule of 72
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It works for any kind of investment. I am getting into Persona Finance to save money, and these questions are "test" questions supposed to help me out. Here we explain how this formula helps investors know when they can.