The Rule of 72 is a simple and effective way to calculate compound interest. It states that if you divide the number 72 by the annual rate of return, you will get the approximate number of years it will take for your investment to double. For example, if you invest at a rate of 8%, it will take approximately 9 years for your investment to double. This is a great tool for investors to use to plan for their future.Read More
Tag: rule of 72
- Dividend Investing 101: A Comprehensive Guide to Maximizing Your Returns
- The Rule of 72: A Simple Way to Calculate Compound Interest
- Make Your Money Work Harder: Think of Your Dollars as Employees
- How Much of an Emergency Fund Should I Have?
- Making the Most of Market Volatility: How Keeping Cash in Your Portfolio Can Help