rules

What is the Rule of 72?

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Rule of 72 - the doubling of moneyThe Rule of 72 says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at a 9 percent interest, divide 72 by 9 and get 8 years.
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