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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 ...
If you've dabbled in investing, you've likely heard of the "Rule of 72." It's a back-of-the-envelope metric for calculating how quickly an investment will double in value. Most financial metrics are ...
This story originally appeared on LearnVest. In our “Ask a CFP” Q&A series, we cede the floor to a Certified Financial Planner™ who will address what we think are some of the trickiest money topics ...
There's one milestone that never loses its appeal: doubling your money. Whether it’s a retirement account, an income-focused portfolio or a long-term bet on private markets, the math behind turning ...
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Alternatives to the Rule of 72
The Rule of 72 is a simple calculation tool for investors to use, but it's not necessarily the most accurate. Here are some more precise options to try.
Rutgers Cooperative Extension and the New Jersey Coalition for Financial Education recently completed a series of financial education teacher training classes called "Hard Core Boot Camp." One of the ...
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