Business Administration

Tag: Rule of 72

  • Rule of 72

    Rule of 72

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    by

    David J Hoare MSA
    in

    A quick and easy way to determine the doubling of value for a given sum based on an interest rate is the Rule of 72. This simple formula has three factors. The first is the interest rate; the second is the amount of time in years to double the value and of course the number 72.