EW2Day Money Power Quick Tip #1

EW2Day MONEY POWER Quick Tip

The Rule of 72

The Rule of 72 is an easy way to determine how long it will take an investment to double, based upon a fixed annual rate of interest.  The Rule of 72 is applied by dividing 72 by the annual rate of return.  This will provide you with a rough estimate of how many years it will take for your initial investment to double itself.

READ MORE on the Rule of 72 at Investopedia.

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