Divide 72 by the annual interest rate to calculate how long to double your money.
In other words, if interest rates are 10%, then it will take just over 7 years for you to double your money.
This is the magic of compounding.
Remember it.
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Divide 72 by the annual interest rate to calculate how long to double your money.
In other words, if interest rates are 10%, then it will take just over 7 years for you to double your money.
This is the magic of compounding.
Remember it.