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6/13/2010 2:33:19 PM
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The rule of 72

Do you know the rule of 72? If you don’t you should memorize it. It’s easy to work with. If you get a 12% return on your money and you want to know how long it will take for your money to double, it’s simple. Take 72 and divide by 12. The answer is 6 years. If you get 24% on your money, it’s 72 divided by 24 or 3 years.

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