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The rule of 70 can be stated as follows: A variable with a growth rate of X percent per year a. doubles every 70/ X
The rule of 70 can be stated as follows: A variable with a growth rate of X percent per year
| a. | doubles every 70/X years. | |
| b. | doubles every 70(1 - 1/X) years. | |
| c. | doubles every 70/X2 years. | |
| d. | doubles every 70/(1 - X) years.
|
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Sound Investing, Chapter 10 - One-Time Charges And Other Format Fakes
Authors: Kate Mooney
2nd Edition
0071719326, 9780071719322
