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Mar 27, 2024 · You can calculate the number of years to double your investment at some known interest rate by solving for t: t = 72 ÷ R. You can also calculate the interest rate required to double your money within a known time frame by solving for R: R = 72 ÷ t.
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Aug 7, 2024 · Key Takeaways. The rule of 72 is a shortcut investors can use to determine how long it will take their investment to double based on a fixed annual rate of return. All you do is divide 72 by...
The Rule of 72 says that to find the number of years needed to double your money at a given interest rate, you just divide 72 by the interest rate. For example, if you want to know how long it will take to double your money at nine percent interest, divide 72 by 9 and get 8 years.
May 31, 2024 · To calculate the expected rate of interest, divide the integer 72 by the number of years required to double your investment. The number of years does not need to be a whole number; the...
- Will Kenton
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6 days ago · The Rule of 72 is an easy way to calculate how long an investment will take to double in value given a fixed annual rate of interest. Dividing 72 by the annual rate of return gives investors an...
Jan 13, 2024 · The formula used to calculate the actual number of years it takes to double your investment is the natural log of two divided by the natural log of one plus the expected rate of...
Want to know how long it will take to double your money? Use this calculator to get a quick estimate. Simply enter a given rate of return and this calculator will tell you how long it will take for the money to double by using the rule of 72.
