Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Jolla

ever heard of the rule of 72? You divide the interest rate into the number 72 and it shows how long it takes to double your money. It shows the power of compound interestn.


16 posted on 02/22/2010 1:37:45 PM PST by RobRoy (The US today: Revelation 18:4)
[ Post Reply | Private Reply | To 7 | View Replies ]


To: RobRoy
I do recall that from around 2nd or 3rd grade. Unfortunately with the current interest rates, it is not too interesting.
21 posted on 02/22/2010 4:58:39 PM PST by Jolla
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson