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)
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
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