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The Rule of 72 is a great way to estimate how your investment will grow over time, if you do not have a calculator/smart phone
The Rule of 72 is a great way to estimate how your investment will grow over time, if you do not have a calculator/smart phone and want to do a quick calculation in your head. If you know the interest rate, the Rule of 72 can tell you approximately how long it will take for your investment to double in value. Simply divide the number 72 by your investments expected rate of return (interest rate). Assuming an expected rate of
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