The "72 method " is a straightforward means to rapidly determine how much time it will take for an sum to grow at a certain per annum rate . Conversely, it can also help you know how much time it will take to eliminate a debt at a fixed finance percentage . Just divide 72 by the finance percentage to get your figure

The "72 method " is a simple way to rapidly determine how much time it will take for an investment to double at a given annual rate . Conversely, it can also help you know how many years it will take to extinguish a loan at a constant interest charge. Just break 72 by the finance rate to get your figure. For example, if

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