[Answer] When would you need to use the Rule of 72?

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When would you need to use the Rule of 72? How the Rule of 72 Can Help Double Your Money Rule Of 72 | Investopedia What does the rule of 72 indicate in investing? - Quora The rule of 72 is used as a shorthand way to estimate the number of years it will take for an investment to double based on the rate of return . To use the rule divide 72 by the expected return . For example if you expect a 6 percent return divide 72 by 6 to find it will take about 12 years to double. The Rule of 72 can be useful as a teaching tool to illustrate the different needs and risks associated with short-term investing versus long-term investing . For example if you are taking a trip a mile up the road to the corner store it doesn’t much matter if you’re … The Rule of 72 could apply to anything that grows at a compounded rate such as population macroeconomic numbers charges or loans . If the gross domestic product (GDP) grows at 4% annually the economy will be expected to double in 72 ÷ 4 = 18 years. With regards to the fee that eats into investment gains ... T...

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