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Michael Jennings
8 November, 02:28
Explain the rule of 72
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Villanueva
8 November, 03:27
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The 'Rule of 72 ' is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself.
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