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Support Material:
The Rule of 72 - Why it Works |
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| Go to: |
http://www.moneychimp.com/features/rule72_why.htm
(opens a new window)
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| Description: |
The rule of 72 applies to annually compounded interest, this explanation looks at the case of continuously compounded interest first and then annually compounding interest. |
| Technology Type: |
JavaScript | |
| Author: |
moneychimp.com |
| Language: |
English | |
| Cost: |
Does not require payment for use |
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| Tool: |
Rule of 72 |
| Courses: |
Algebra |
Growth |
| Algebra II |
Growth and decay applications, Natural Logarithms |
| Financial Education |
Compound interest, Investments, Rule of 72, Saving |
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