Cryptocurrency Q&A
What is the 7 year compounding rule?
What is the 7 year compounding rule?
CherryBlossomGrace
Fri Jun 28 2024
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7
answers
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I don't understand this question. Could you please assist me in answering it?
7 answers
HanjiHandiwork
Sun Jun 30 2024
The Rule of 72 is a popular method for estimating the time it takes for an investment to double its value.
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Federica
Sun Jun 30 2024
To apply this rule, one must first determine the annual rate of expected return on their investment.
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CryptoAlly
Sat Jun 29 2024
Therefore, with a 10% annual rate of return, an investment will approximately double in value every 7.2 years.
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Stefano
Sat Jun 29 2024
Assuming a 10% annual rate of return, this figure is used as the basis for the calculation.
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GinsengGlory
Sat Jun 29 2024
Applying the Rule of 72, one divides 72 by the expected rate of return.
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