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Rule of 72: What it is and how to use it
Here’s how the Rule of 72 works: Divide 72 by your expected annual interest rate (as a percentage, not a decimal). The answer is roughly the number of years it will take for your money to double. For ...
Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...
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