View Article: http://www.thediv-net.com/2008/08/rule-of-72.html

Investing, Stocks, Economy, Value, Income, Buffett, Passive, Dividends, Retirements, Recession, Apple, Dividend, Stock, Retirement, Real estate, Google, Market, Housing, Banks, Inflation, Stock market, Oil, China, Interest rates, Iphone.
The power of compounding can be truly amazing. An investment of only $1000 earning 12% will grow to $30,000 in 30 years, compounded annually. If the investment was only earning 6%, it would be worth less than $6,000 over the same time period.
In order to determine quickly how long it takes to double your investments at different rates, I usually use the rule of 72.
Submitted: Aug 29, 2008 Views: 87 Comments: 0 Likes: 2
View Article: http://www.thediv-net.com/2008/08/rule-of-72.html
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