The "72 formula" is a simple way to quickly estimate how much time it will take for an investment to grow at a certain yearly rate . Conversely, it can also help you know how much time it will take to pay off a debt at a constant lending rate . Just split 72 by the finance rate to get your figure. For example, if you hav

The "72 method " is a easy means to easily figure how many years it will take for an sum to increase at a specific annual rate . Conversely, it can also help you discover how long it will take to eliminate a obligation at a constant interest percentage . Just divide 72 by the lending percentage to get your answer . For

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