Number of Years to Double= 72 ÷ Rate of Return
This is a quick screening method to know whether the investment suits your risk appetite. So, you do not have to dissipate energy digging deep when the payback period is unappealing to you.
Monday, 16 July 2018
Double Your Money
Doubling your money might be a major headache to you. No worries, Rule 72 will do the magic. Assuming that you know the rate of return on any investment vehicle-interest rate on deposit, capital appreciation on sticks, and rental income-number of years to double your money is 72 divided by the rate of return.
Number of Years to Double= 72 ÷ Rate of Return
This is a quick screening method to know whether the investment suits your risk appetite. So, you do not have to dissipate energy digging deep when the payback period is unappealing to you.
Number of Years to Double= 72 ÷ Rate of Return
This is a quick screening method to know whether the investment suits your risk appetite. So, you do not have to dissipate energy digging deep when the payback period is unappealing to you.
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