The "72 rule " is a simple means to easily estimate how many years it will take for an investment to double at a given annual return. Conversely, it can also help you find out how long it will take to extinguish a obligation at a constant interest charge. Just split 72 by the interest charge to obtain your answer .… Read More
The "72 method " is a simple way to quickly estimate how long it will take for an investment to grow at a specific annual return. Conversely, it can also help you know how long it will take to extinguish a debt at a fixed interest charge. Just break 72 by the lending percentage to get your figure. For example, if yo… Read More
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