The 'Rule of 72' is a formula used to estimate the time required to double an investment: divide 72 by the expected annual rate of return. For example, at an 8% rate of return, an investment will double in approximately 9 years.

Authors

• Person: Not available Organization: Champlain College
  Financial Rules of Thumb: Your Money Management Cheat Sheet

Sources

• Financial Rules of Thumb: Your Money Management Cheat Sheet www.champlain.edu Champlain College via serper

Referenced by nodes (1)

• investment concept