How to Use the Rule of 72
wikiHowParidhi Jain
How to Use the Rule of 72
The Rule of 72 is a handy tool used in finance to estimate the number of years it would take to double a sum of money through interest payments, given a particular interest rate. The rule can also estimate the annual interest rate required...
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Rule of 72 Explained
The Rule of 72: Definition, Usefulness, and How to Use It
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The Rule of 72: What It Is and How to Use It in Investing
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14K views · 42 reactions | 樂 Do you understand the Rule of 72? 樂 You've probably heard of it, but you might not know what it means or, more importantly, how it's used against you! Use this formula to calculate your own compounded interest. Better yet, understand how credit card companies and other financial institutions make insane amounts of money from you because of it. Get the guide to the Rule of 72 below! | Phil Town's Rule #1 Investing | Facebook
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14K views · 42 reactions | 樂 Do you understand the Rule of 72? 樂 You've probably heard of it, but you might not know what it means or, more importantly, how it's used against you! Use this formula to calculate your own compounded interest. Better yet, understand how credit card companies and other financial institutions make insane amounts of money from you because of it. Get the guide to the Rule of 72 below! | Phil Town's Rule #1 Investing | Facebook
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Rule of 72 Examples
Financial knowledge is power; Rule 72 is a simple formula created by mathematicians in the 15th century to estimate how long it takes your money to double. You divide 72 by the interest rate to get the number of years. Example: at 8 percent, 72 ÷ 8 = 9 years to double your money. Albert Einstein called compounding the 8th wonder of the world, and Rule 72 shows you exactly why. Learning this little tricks changes your mentality about money. | Claudinha Gadelha
Financial knowledge is power; Rule 72 is a simple formula created by mathematicians in the 15th century to estimate how long it takes your money to double. You divide 72 by the interest rate to get the number of years. Example: at 8 percent, 72 ÷ 8 = 9 years to double your money. Albert Einstein called compounding the 8th wonder of the world, and Rule 72 shows you exactly why. Learning this little tricks changes your mentality about money. | Claudinha Gadelha
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14K views · 42 reactions | 樂 Do you understand the Rule of 72? 樂 You've probably heard of it, but you might not know what it means or, more importantly, how it's used against you! Use this formula to calculate your own compounded interest. Better yet, understand how credit card companies and other financial institutions make insane amounts of money from you because of it. Get the guide to the Rule of 72 below! | Phil Town's Rule #1 Investing | Facebook
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