The "Rule of 72" says that you take the interest rate (assuming that it's compounded annualy) and divide 72 by it. For an investment that yields 7% annual returns, that means 72 / 7 which is roughly 10.3 years.
How long does it take to double your money? (by Jeremy Zawodny): "How long does it take to double your money?"
Thursday, June 16, 2005
How long does it take to double your money? (by Jeremy Zawodny)
Posted by Sanjay Kalra at 6/16/2005
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