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Compound Interest, Part 2: The Rule of 72
By Chelsea on September 5, 2008 | No Comments
The Rule of 72 is a general rule of thumb telling how long it will take your money to double at a given rate of return, known as the annual percentage rate (APR). To use the rule, start with the number 72 and divide it by your expected rate of return. Let’s say you are earning 6% interest on an in...

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