interest calculation Archives - Dr. Budgets https://drbudgets.com/tag/interest-calculation/ Spend Wisely. Live Wealthy.™ Wed, 15 May 2019 22:20:45 +0000 en-US hourly 1 https://drbudgets.com/wp-content/uploads/2016/01/cropped-DR_Budgets_Logo_R_Final_xs4-32x32.png interest calculation Archives - Dr. Budgets https://drbudgets.com/tag/interest-calculation/ 32 32 The Rule of 72 for Debt https://drbudgets.com/rule-72-debt/?utm_source=rss&utm_medium=rss&utm_campaign=rule-72-debt Sat, 01 Mar 2014 16:13:18 +0000 https://drbudgets.com/?p=146 By Daniel Rodriguez | Dr. Budgets Have you heard of the Rule of 72?  According to Wikipedia, it is a method of estimating an investment’s doubling time.  This rule is useful for quick calculations. For example, if you invested $10,000 today at a 6% return, the Rule of 72 determines that your investment would double to $20,000 in 12 years (72 ÷ 6 = 12).  Taking this a step further, your investment would double to […]

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