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The finance rule of 72 basically is a way to find out how long it will take for someone to double their money, given a certain interest rate. E.g. if you had an interest rate of 9% a year on an investment, it will take 72/9 = 8 years to double your initial investment.
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What is the first rule of finance?
High Risk, High Reward
What is the rule of 72 in savings and investments?
The rule of 72 is a quick and very accurate method of determining how long it takes for money to double at a specified rate of interest, compounded annually. For example, using the rule of 72 with a compounded interest rate of 6% it would take 12 years to double your money (72 divided by 6). The precise amount of time it takes to double your money at 6% based on the actual computation of compounded interest is 11.9 years. The rule of 72 works very well unless the rate of interest exceeds 20% at which point the error rate starts to deviate substantially from the actual answer. The rule of 72 can also be used to figure out what rate of interest you need to double your money in a specified number of years. For example, if you want to double your money in 5 years, divide 72 by 5 and the interest rate needed is 14.4%.
What exactly is bridging finance?
Bridging finance is a term used to connect financial matters. BNET is a source that is excellent for all things business and financial. You can use this resource to look up bridging finance in more detail.
What can one do exactly with finance leads?
Finance leads can be sold or trade to companies. You can find more information on financial leads online at Driving Leads, Investopedia, and DIY Themes.
What exactly does a personal finance software review mean?
A personal finance software review is a side by side comparison of the various finance software available in the marketplace. The review will allow you to see the pros and cons of using one software product over another based on your specific needs and wants in a finance software.
72 hours is exactly how many days?
3 days, exactly.
How many times can 4 go into 288?
Exactly 72 times
Does 72 divide by 3 exactly?
24
How many years is the max you can finance a new vehicle?
72 months is about as long as any lender will go. However if you have to finance a car for 72 months then you are buying more car than you can afford. I never finance a car for over 36 months unless I can get 0% financing.
Who discovered the rule of 72?
Albert Einstein
How long did asoka rule?
72 years
What is the first rule of finance?
High Risk, High Reward
Will 24 go into 72?
Yes, exactly 3 time since 72/24 = 3
How meany times does 2 go into 72?
Exactly 36 times
How many times can nine go into 72?
Exactly eight times
Is 72 a factor of 36?
Yes it is. 36 guzinta 72 exactly 2 times with no remainder.
What percentage is 24 out of 72?
33 percent exactly.
