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History of Money |
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Savings Options |
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Investing | |
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Glossary | |
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Investing | |
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What is Investing? Why Invest? Time Value of Money Rule of 72 Stock Market Bonds Mutual Funds Quiz |
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Rule of 72
If you have an interest rate of 12%, you will make $6,000 in six years. The higher the interest, the quicker it is.
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If
you want to know how long it will take to double your money, take the
number 72 and divide that number by the interest rate you are getting.
So if you