Investments such as stocks do not have a fixed rate of return, though the Rule of 72 however can give you an idea of the sort of return you would want to double your cash in a specific period of time. For example, to double your money in six many years, you would need a charge of return of twelve%.
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The Rule of seventy two assumes that the financial investment is compounded every year. So, If the investments are compounded far more commonly, the projection to double your financial investment may very well be a bit overestimated.
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To work out the Rule of seventy two, it's essential to divide the number 72 by the speed of return. Estimating doubling time Using the Rule of 72 is simple. You should utilize the components below to determine the doubling time in times, months, or decades, according to how the curiosity rate is expressed.