OLD MAN MONEY
  • Home
  • Weekly Assignments
  • DAILY POSTER
  • Building a Better You
  • MORE GOOD STUFF
  • Rule of 72
  • 1% Pay Their Part
Rule of 72
The Rule of 72 tells you how long it will take to DOUBLE your investment at a certain percentage rate.  Divide the % into 72.
Savings account bank rate of .01%........72/.01 = 7,200 years
Savings account bank rate of 4.2%......72/4.2 = 18 years
Proudly powered by Weebly
  • Home
  • Weekly Assignments
  • DAILY POSTER
  • Building a Better You
  • MORE GOOD STUFF
  • Rule of 72
  • 1% Pay Their Part