The Rule of 72 is a simple yet powerful tool for estimating how long it will take for an investment to double at a given annual compound interest rate. By dividing 72 by the interest rate, investors ...

The Rule of 72 is a shortcut or rule of thumb used to estimate the number of years required to double your money at a given annual rate of return and vice versa.

A high-yield savings account can double your money in about 14 to 18 years, thanks to higher interest rates and the power of compound interest. The Rule of 72 makes it easy to estimate your savings ...

Compound interest refers to the returns that you earn on interest. The impact of it grows significantly over long time periods. Investment vehicles like CDs, high-yield savings accounts and money ...

The rule of 70 is a calculation that estimates the number of years it takes for investments to double in amount at a specific, constant rate of return. It is frequently used when comparing investments ...