Calculators and The Rule of 72
Calculators and The Rule of 72
The Rule of 72
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 rate, expressed as a percentage, into 72: Years required to double investment = 72 ÷ compound annual interest rate.
72/ 3% = 24 YEARS TO DOUBLE
72/ 6% = 12 YEARS TO DOUBLE
72/ 9% = 8 YEARS TO DOUBLE
72/ 10% = 7.2 YEARS TO DOUBLE
72/ 12% = 6 YEARS TO DOUBLE
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