COMPOUND INTEREST
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Principal (P) = $1000

e = Euler's number for GROWTH EXPANSION = 2.718241...

Interest Rate (I) = DEPENDING ON THE RULE OF 72

*RULE OF 72 -> 72 divided by number of years to double Principal = Interest rate

eg.: 72 / 7 years = 10.3%

Time (T)

FORMULAE TO DOUBLE $1000 IN 7 YEARS -> P*e^(.103*7) = $2056.50

*ONE CAN SHORTEN THE NUMBER OF YEARS TO AMASS WEALTH FASTER*

**REALLY GOOD FOR SAVINGS AND INVESTMENTS**