The "72 formula" is a simple technique to quickly figure how many years it will take for an amount to increase at a certain yearly percentage . Conversely, it can also help you know how much time it will take to extinguish a loan at a fixed interest charge. Just split 72 by the interest percentage to get your answer . F
Learning About 72 Dollars : A Brief Explanation to Loan Computations
The "72 formula" is a straightforward way to rapidly figure how long it will take for an amount to double at a specific yearly percentage . Conversely, it can also help you find out how much time it will take to extinguish a debt at a fixed interest charge. Just divide 72 by the interest rate to obtain your result . Fo