72
Rule of 72.
To determine how long it will take for your investment to double:
Divide 72 by the expected rate of return.
Example: If you expect 8% returns, 72 / 8 = 9. In this example it'll take 9 years to double your money.
Rule of 72.
To determine how long it will take for your investment to double:
Divide 72 by the expected rate of return.
Example: If you expect 8% returns, 72 / 8 = 9. In this example it'll take 9 years to double your money.