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How do you use rule of 72? - Answers

The Rule of 72 is a simple formula used to estimate the number of years required to double an investment based on a fixed annual rate of return. To use it, divide 72 by the expected annual interest rate (expressed as a whole number). For example, if your investment earns 6% annually, it would take approximately 72 ÷ 6 = 12 years to double your money. This rule provides a quick and easy way to gauge the impact of compound interest on investments.



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How do you use rule of 72? - Answers

https://math.answers.com/math-and-arithmetic/How_do_you_use_rule_of_72

The Rule of 72 is a simple formula used to estimate the number of years required to double an investment based on a fixed annual rate of return. To use it, divide 72 by the expected annual interest rate (expressed as a whole number). For example, if your investment earns 6% annually, it would take approximately 72 ÷ 6 = 12 years to double your money. This rule provides a quick and easy way to gauge the impact of compound interest on investments.



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https://math.answers.com/math-and-arithmetic/How_do_you_use_rule_of_72

How do you use rule of 72? - Answers

The Rule of 72 is a simple formula used to estimate the number of years required to double an investment based on a fixed annual rate of return. To use it, divide 72 by the expected annual interest rate (expressed as a whole number). For example, if your investment earns 6% annually, it would take approximately 72 ÷ 6 = 12 years to double your money. This rule provides a quick and easy way to gauge the impact of compound interest on investments.

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      The Rule of 72 is a simple formula used to estimate the number of years required to double an investment based on a fixed annual rate of return. To use it, divide 72 by the expected annual interest rate (expressed as a whole number). For example, if your investment earns 6% annually, it would take approximately 72 ÷ 6 = 12 years to double your money. This rule provides a quick and easy way to gauge the impact of compound interest on investments.

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