At 5.25% Interest, how long will it appropriate to double your money?



Answers:
If it is 5.25% per annum, it'll cart you 14 years.

You use the "Rule of 72"

The formula is: 72 / (interest rate)

The result is around 13.71, but it would be 14 since the interest is compounded once a year (at the ruin of respectively year).
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right at 14 yearfs!

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