The Rule of 72 is a shortcut or rule of thumb used to estimate the number of years required to double your money at a given annual rate of return and vice versa.
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 ...
You don’t need a finance degree to figure out how long it’ll take to double your money as an investor. The Rule of 72 offers a quick shortcut to estimate growth based on interest rates or, on the flip ...
Most people can appreciate a good shortcut, and in the world of investing, few are as beloved as the Rule of 72. The Rule of 72 is a simple mental math trick that tells you roughly how long it will ...
The Rule of 70 and the Rule of 72 are two popular shortcuts that can help investors quickly estimate the doubling time of an investment. These rules are particularly useful for grasping the potential ...
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 » ...
Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. Compound interest is what you get when interest or income earned on an account goes on to ...