COMPOUND INTEREST AMASS WEALTH FASTER

SUBMITTED BY: moneygrabher777

DATE: Dec. 1, 2019, 2:03 p.m.

UPDATED: Dec. 1, 2019, 2:08 p.m.

FORMAT: Text only

SIZE: 513 Bytes

History Raw Download

HITS: 803

Report
  1. COMPOUND INTEREST
  2. -----------------
  4. Principal (P) = $1000
  6. e = Euler's number for GROWTH EXPANSION = 2.718241...
  8. Interest Rate (I) = DEPENDING ON THE RULE OF 72
  10. *RULE OF 72 -> 72 divided by number of years to double Principal = Interest rate
  12. eg.: 72 / 7 years = 10.3%
  14. Time (T) = 2 YEARS (72 / 2 YEARS = 36% INTEREST RATE)
  16. FORMULAE TO DOUBLE $1000 IN 2 YEARS -> P*e^(I*T) = $2056.50
  18. *ONE CAN SHORTEN THE NUMBER OF YEARS TO AMASS WEALTH FASTER*
  20. **REALLY GOOD FOR SAVINGS AND INVESTMENTS**
comments powered by Disqus