Finance?
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Finance F asked:
The “Rule of 72” suggests that an amount will double in 12 years at a 6 percent compound annual rate or double in 6 years at a 12 percent annual rate. Is this a useful rule, and is it an accurate one?
Roberto
The “Rule of 72” suggests that an amount will double in 12 years at a 6 percent compound annual rate or double in 6 years at a 12 percent annual rate. Is this a useful rule, and is it an accurate one?
Roberto
January 27th, 2010 at 1:16 pm
The rule says that to have because it will take to find the rule says that to find the number of years yes it is reasonably accurate.