Login | Register
[Greene County Daily World]
Greene County, Indiana ~ Thursday, November 20, 2008
Blogs
The "Rule of 72"
Posted Monday, September 24, 2007, at 12:02 PM
<< Previous | Read comments | Respond | Email link | Next >>

The "Rule of 72" is a quick and simple way to approximate how long it will take for your money to double. Simply divide 72 by the interest rate you will receive. For example, an account earning 4% interest will double in about 18 years (72 divided by 4 equals 18).


Comments
Showing comments in chronological order
[Show most recent comments first]

And then in 18 years it will be worth just about what you started with.

-- Posted by simmons on Mon, Sep 24, 2007, at 6:49 PM

As opposed to having much less money and spending power 18 years later. Gotta keep up with inflation -- or at least try!

-- Posted by chriswathen on Sat, Mar 15, 2008, at 9:54 AM


Respond to this blog

Posting a comment requires free registration. If you already have an account, enter your username and password below. Otherwise, click here to register.

Username:

Password:  (Forgot your password?)

Your comments:
Please be respectful of others and try to stay on topic.


Riddle Me This
Chris Wathen
Recent posts
Archives
Blog RSS feed [Feed icon]
Comments RSS feed [Feed icon]
Login
Hot topics
Terre Haute Has No Mayor
(4 ~ 9:17 PM, Nov 16)

County-by-County Education & Earnings
(4 ~ 8:39 PM, Nov 16)

Mood Swings & Madness
(0 ~ 4:55 PM, Nov 5)

Debt Drowns, Cash Floods
(1 ~ 3:01 PM, Nov 3)

Place Your Bets on Gas Prices
(4 ~ 1:03 PM, Nov 3)

 
 
Mailing list
Enter your email address to join our daily headline mailing list: