Reported 2 days ago
The Rule of 70 and Rule of 72 are popular shortcuts that help investors estimate the time it takes for their investment to double based on a fixed annual growth rate. The Rule of 70 is suited for lower growth rates and is particularly useful in economic contexts, while the Rule of 72 offers a more versatile approach, providing better accuracy for interest rates typically between 6% and 10%. Understanding the strengths and applications of both rules can assist in adapting investment strategies effectively.
Source: YAHOO