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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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The Rule Of 72
#22482033 - 11/05/15 05:14 PM (8 years, 2 months ago) |
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This "rule" is an easy way to determine how long it would take $1 to double based on the annual interest rate. So, for example if you were paid 10% interest, it would take 72/10 = 7.2 years for your money to double. 2% interest rate? 72/2 = 36 years.
Negative interest rate?
-------------------- Anxiety is what you make it.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Cash interest is lame anyway, who cares - saving dollars is for idiots. Rich people put their wealth in stocks and property.
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george castanza
Lord Of The Idiots!


Registered: 10/21/02
Posts: 8,723
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Thank you for posting this.
This is one of the first lessons you should learn on your way to financial independence.
-------------------- KRAMER CAKES


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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Quote:
DieCommie said: Cash interest is lame anyway, who cares - saving dollars is for idiots. Rich people put their wealth in stocks and property.
The same rule applies to any investment and annual return. The true number is closer to 69, but 72 is easier to use. As the returns get higher, the formula doesn't work as well either. At 69% return you would be doubling in something more than a year.
-------------------- Anxiety is what you make it.
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iateshaggy
i haxor 360s



Registered: 05/20/05
Posts: 4,707
Loc: 612 Warf Avenue, next to....
Last seen: 1 month, 10 days
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let me know when you fine those 69% investments. the rule of 72 is as accurate as speculation is.
-------------------- You are a filipina sex goddess who wants to fuck me until I fall asleep, so then you can tickle my balls and see if the legend of my diamond filled nutsuck is true. I am a white man from costa rica, who smells like lime jello.
I can flash/jtag/repair 360's, pm for details.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Quote:
iateshaggy said: let me know when you fine those 69% investments. the rule of 72 is as accurate as speculation is.
AMZN one year chart
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=AMZN
-------------------- Anxiety is what you make it.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Ahh, you cherry pick them after the fact. Great strategy...
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Hrethic
A Human, Being


Registered: 01/05/04
Posts: 2,397
Loc: Passing through the bulk
Last seen: 2 years, 9 months
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yeah.. money! :money:
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