Time Needed to Double your Money

12manage is looking for contributors...


 
Time Value of Money > Forum Log in

Time Needed to Double your Money
David Sutton
How long does it take approximately to double $9,000 at a compound rate of 8% per year?
 

 
Time Needed for Doubling your Money
Jaap de Jonge, Editor
You can estimate the time needed to double any amount of money with the Rule of 72.
In your example this would mean 72 / 8% = 9 years.
 

 
The Time it Takes to Double an Investment
geevis
Indeed 9 years(approx), can be estimated using the rule of 72. This rule is useful to make approx calculations as to how much time it will take for an amount to double, given rate of interest or time period and of course a principal sum.
 

 







 

  Do you wish to study further? You can learn more from the summary, forum, discussions, lessons, courses, training, instructions, expert tips, best practices and education sources. Register.  


Special Interest Group Leader

You here


More on Time Value of Money
Summary
Forum
Best Practices

Expert Tips

Resources



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2018 12manage - The Executive Fast Track. V14.1 - Last updated: 20-7-2018. All names of their owners.