Apr 06
2009
What is the Rule of 72?
Filed Under (Investor News) by Admin on 06-04-2009
[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]
If you are planning to double your money, then The Rule of 72 is a quick way to determine how long it will take do so at a given interest rate.
How to calculate?
You divide the number 72 by the annual interest rate expected on your investment. The answer is the no. of years you will need to double your money at your specified interest rate compounded annually.