The Rule of 72 is a commonly used mathematical formula that estimates the time it takes for an investment to double its value based on a given interest rate.
The “Rule of 72” is a fundamental principle in investing that estimates how long it takes to double your money. Instead of relying on this rule as a shortcut, there is a more precise logarithmic formula that can be used to determine the time it takes to grow your money at different annualized returns. Check […]