The Rule of 72 is a simple financial formula that estimates the number of years it takes for an investment to double in value by dividing 72 by the annual interest rate. For example, an investment with a 6% annual return will double in approximately 12 years (72 ÷ 6 = 12). This rule is also useful for estimating how long it takes for inflation to halve the purchasing power of your money or how quickly debt can double. 🚨 Follow for more 🚨 #finance #financialplanning #dividends #financetips #fin
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