Stripplingwarrior Stripplingwarrior

20-11-2016
Business

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explain the rule of 72

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vanessa61 vanessa61

20-11-2016

The 'Rule of 72' is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself.

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