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Financial Tip

The Rule of 72

You can easily see how the rate of return can impact your investments by applying the "Rule of 72." This is a simplified way to show how long your money takes to double at a fixed annual interest rate.

Dividing 72 by the following percentages shows the time needed:

Interest
Rate
# of Years
to Double
2% 36
4% 18
6% 12
8% 9
10% 7.2
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