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8 November, 02:28

Explain the rule of 72

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  1. 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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