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    Haley4Ben3Mom's Avatar
    Haley4Ben3Mom Posts: 1, Reputation: 1
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    #1

    Jan 9, 2008, 03:25 PM
    How long will it take to double your money
    If you deposit money today into an account that pays 6.5 perecent interest, how long will it take you to double your money?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jan 9, 2008, 03:41 PM
    This is the rule of 72. Divide 72 by the interest rate (6.5) and you get a little over 11 years.
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