The Rule of 72 | Understand and Calculate | Money Instructor
Learn about the Rule of 72 and its use in determining when your money or investment will double. Explore compound interest and the effects of different interest rates.
A lesson on the fundamental principle of the "Rule of 72" and compound interest. This video dives into understanding how the Rule of 72 aids in estimating the number of years required to double your money with a fixed annual rate of return. The formula is as simple as dividing 72 by the annual interest rate. Beyond just the rule, you will be introduced to the significance of compound interest and how different rates can greatly influence the growth of your investment over time, emphasizing the importance of starting early.
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Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.
Watch video The Rule of 72 | Understand and Calculate | Money Instructor online without registration, duration hours minute second in high quality. This video was added by user Money Instructor 20 October 2023, don't forget to share it with your friends and acquaintances, it has been viewed on our site 5,763 once and liked it 45 people.