Tuesday, April 10, 2007

Rule of 72

I always manage to amaze my friends and clients with my speed of calculating how fast their money takes to double with the interest rate they give me.

I had actually used a very simple formula called "The Rule of 72"
The Rule of 72 formula is as follows:

Years To Double Your Money = 72 / Interest Rate

Eg, 6% interest
Years to Double your money = 72 / 6 = 12

Haha. Simple Right???

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