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Today’s $$ ‘Word’: Rule of 72.

Rule of 72: A nifty party trick and a good way to get a feel for compounded returns. Divide your expected return into 72 and you’ll get the approximate number of years it will take your money to double. Going to get an 8% return? Expect a doubling in 9 years. It’s a simple trick.

By | 2017-01-23T08:55:13+00:00 July 29th, 2014|Word of the Week|0 Comments