Posted on
April 2, 2009
at
10:18 am
I know that it used in investing, but i want to know more... Hope you could help...
Posted on
April 2, 2009
at
11:11 am
Hi there I did a little searching on Google and I came up with this info on wikipedia I will place the link in this discussion so you are able to look for youself. I guess there are also other rules as well pertaining to the finace part of the subject. I hope this helps, take care.
http://en.wikipedia.org/wiki/Rule_of_72
Posted on
April 2, 2009
at
11:17 am
all i know is that is about the amount of time it takes to double
Posted on
April 2, 2009
at
11:36 am
can anyone briefly explain what rule of 72 is all about? Thnx
Posted on
April 2, 2009
at
12:49 pm
The Rule of 72 is a basic way of mentally calculating how long it would take to double an investment. In most instances, the figure you arrive at is almost always just an approximation of the true duration (or period) because a more accurate way to calculate it is by using scientific calculators. However, the Rule of 72 provides a faster way to estimate investment growth. The rule is this: take the interest per annum and divide 72 by that figure to get the period by which the investment doubles. So if your investment has an interest rate of 5% per year, 72 divided by 5 equals 14.4, so you roughly have a little over 14 years to double that investment.
Posted on
April 2, 2009
at
2:06 pm
Hey I took a Finance course in college and we covered the rule of 72. Spoiledbrat802 however pretty much told you exactly what to do. You just take the interest rate per year and divide 72 into that interest rate and that will tell you long it would take to double your investment roughly. It works for compounding interest.
Posted on
April 3, 2009
at
1:21 am
Wow. That is nice to know. I always calculate it in excel.
Posted on
April 3, 2009
at
7:25 pm
Unfortunately, i don't know about the Rule of 72.I never investing , and after read comment spoiledbrat802 seems is interested if we can double money.
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605
Posted on
April 3, 2009
at
7:37 pm
no i have not heard of this any time....
