The Rule of 72The Rule of 72To determine the number of years it will take an investment to double in value, divide 72 by the interest rate. For example, $1,000 invested at 6 percent will become $2,000 in 12 years (72 divided by 6 equals 12).
To determine the number of years it will take an investment to double in value, divide 72 by the interest rate. For example, $1,000 invested at 6 percent will become $2,000 in 12 years (72 divided by 6 equals 12).
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