The "72 rule " is a easy means to quickly estimate how many years it will take for an investment to increase at a certain annual rate . Conversely, it can also help you find out how much time it will take to extinguish a obligation at a set interest rate . Just divide 72 by the interest rate to obtain your result . For ex

The "72 formula" is a simple means to easily estimate how much time it will take for an sum to grow at a given per annum return. Conversely, it can also help you know how many years it will take to pay off a debt at a constant finance percentage . Just break 72 by the lending rate to receive your answer . For example, if

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