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You are trying to pick an account to put your money in. Why is the Rule of 72 useful during this process?
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You are trying to pick an account to put your money in. Why is the Rule of 72 useful during this process?

User Tigerswithguitars
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Answer:

The rule of 72 is a simple formula that shows how quick your money will double at a given return rate. Essentially, you can divide 72 by your annual compound interest rate and see how many years it will take for your investment to double.

Explanation: I hope this answer your question. if this wrong or correct please let me know.

User AnderCover
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