Thursday, April 16, 2009

Rule of 72 (of 70, of 69)

This is an appromate means to find out the number of years it will take to double one's investment. Either of these three numbers give a close approximation but they are still estimates. More accurate dollar amounts and periods are reserved for software programs such as spreadsheets and proprietary software.

http://en.wikipedia.org/wiki/Rule_of_72

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