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 is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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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.
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