Rule of 72
Introduction: The Rule of 72 is
This is an excerpt from the paper...
Introduction: The Rule of 72 is a mathematical formula for approximating the time it will take for a given amount of money to double at a given compound interest rate. The formula is simply 72 divided by the interest rate. In six years $100 will approximately double at a compound annual rate of 12 percent. The formula is: 72 divided by 12 = 6 years. Here is another example: If someone were to invest $100 at a 9 percent interest rate, that investment would be worth $200 after 8 years since 72 divided
. . .
Some common words found in the essay are:
Application Rule, Introduction Rule, Limitations Rule, rule 72, annual rate, 72 divided, rate return, compound annual rate, rate return required, goal doubling investment, investor double, compound annual, double compound, return required, annual rate return, doubling investment, goal doubling,
Approximate Word count = 338
Approximate Pages = 1 (250 words per page)
More Essays on Rule of 72
Introduction: The Rule of 72 is
|
Customer Service
to Over
32,000 Professionally Written Papers!!!
