Here’s how to use the formula to your advantage.
While the rule of 72 is a useful rule of thumb to estimate investment returns, using an online calculator or a compound growth formula may yield more accurate results. Read Full Article » ...
Understanding the "Rule of 72" can help consumers see how quickly credit card debt can grow due to compound interest. The Rule of 72 is a simple formula to estimate how long it takes for debt to ...
If you have ever wondered how long it will take for your savings or investment to double, there is a surprisingly easy way to estimate it. You don’t need a ...
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