Rule of 72
Filed in archive by andy on March 22, 2005
Q: What did albert einstein
think was the most powerful force in the universe?Hey, if it works for Al it works for me too. The title of this article refers to a great little tool that let's you quickly determine how long it will take to double your money at a given interest rate. Simply divide 72 by the interest rate you expect to receive on an investment. Here's a sample:
| At an interest rate of: | Your investment will double in: |
| 3% | 24.0 years |
| 5 % | 14.4 years |
| 7% | 10.3 years |
| 10% | 7.2 years |
| 12% | 6.0 years |
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Mr Wong
