Rule of 240 Compounding
From Invest With An Edge
December 21, 2016 - 4:00pm
Most investors are familiar with the “Rule of 72,” a formula for approximating the time it takes an investment to double at a given compounded annual return. The rule states that dividing 72 by the annual return equals the number of years to double. Conversely, the Rule of 72 can also determine the annual return by dividing […]
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