Created by Shane My | Dec 06, 2020
Hi inwest88, rule of 72 is used to calculate the number of years needed to double up your money based on a fixed rate of return. If we are trying to calculate the projected amount after 30 years for example, I don't think Rule of 72 can be used. Cheers
2013-09-03 12:07
nice one, understading it is important for everyone in managing their own money
2013-09-03 12:10
Agree Shane. Anyway to compute over 20, 30 or 50 years just put in the formula in a worksheet and all the answers will be out.
2013-09-03 14:25
inwest88
detailed write-up but to simplify the computtation, why not use Rule 72.
2013-09-02 21:26