Complete · 30 Days109 / 188
EasyFinanceAcceptance 71%
Rule of 72
Goldman SachsMorgan Stanley
Using the Rule of 72, roughly how many years does it take to double your money at an 8% annual return?
Approach
Divide 72 by the percentage rate.
Answer
Show the final answer
The answer is 9. Sign in free for the full worked solution and to check your own answer.
Related problems
Put-Call ParityEasyBlack-Scholes ATM CallMediumRisk-Neutral ProbabilityMediumZero-Coupon Bond PriceEasyFutures Fair ValueEasyDuration & Price SensitivityEasy
More in Finance.