At the least percentage rate possible. Assumes the same average long term performance of s p500 over the last 78 years boom.
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There is a freebie report called the taas speculation how to quadruple your money in the next few years that has one other recommendation which brings the total to five.
How to quadruple your money. R t 72. You did zero work to for 3 4 of that money. For example if your money is earning an 8 percent interest rate you ll double your money in 9 years 72 divided by 8 equals 9.
R interest rate per period as a percentage. 3 x 114 or 114 3 will tell you how long it will take for money to triple at 3. How long will it take to quadruple your money if you invest it at an interest rate of 5 and it is compounded every 4 months.
A p 1 r n p initial investment r interest rate per period n number of periods a amount after n periods. The formula is interest rate multiplied by the number of time periods 72. Incidentally to calculate the time it takes to triple or quadruple your money or debt substitute 114 and 144 for 72 respectively.
This is the number of years it will take for your money to double. Although it doesn t feature in the presentation 5g may also benefit from taas since it is a vital component of autonomous cars. In 15 years you quadruple your money.
Per the rule if you divide 72 by an annual growth or interest rate you ll get the number of years it will take to double your money. Rule of 72 formula. T number of periods.
The rule of 72 is a simple way to estimate a compound interest calculation for doubling an investment. If you expect a 10 annual return for instance divide 72. All you have to do is divide 72 by the interest rate it s earning.
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