by Dan Sato
Saturday, May 18, 2024
Posted by admin on October 20, 2009
Most people would want the $100,000. But the penny doubling every day for a month yields $10.7M. It starts with just one penny. (Provided by Stan Mack)
Posted by Dan Sato on August 7, 2009
You will double your money at a 8% annual rate of return in just 9 years. The “Rule of 72″ says, take an interest rate and divide it by 72 and the result will be how many years it will take to double your money (includes compounding). Example: Your investment yields 8% annual returns. Take 72 and divide it by 8 and the result is 9 years. Your money will double in 9 years! Start saving….enjoy the ride.
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