The Power of Interest - Doubling Your Money
Have you ever heard of the Rule of 72? How about the Rule of 114? The Rule of 72 is a shortcut to estimate the number of years it takes for an investment to double while 114 estimates how long it takes to triple. Better still, use this calculator to get more exact numbers.
Why do you want your investment to double or triple? Does that fit into your overall strategy, or is it just a fun math problem to solve? With investing, sometimes hitting singles is a better approach than swinging for a home run.
See How Your Money Grows
Why do you want your investment to double or triple? Does that fit into your overall strategy, or is it just a fun math problem to solve? With investing, sometimes hitting singles is a better approach than swinging for a home run.
| Compounded | ||||
|---|---|---|---|---|
| Growth Target | Annually | Monthly | Weekly | Daily |
| Double2× your investment | 0.0000years | 0.0000years | 0.0000years | 0.0000years |
| Triple3× your investment | 0.0000years | 0.0000years | 0.0000years | 0.0000years |
| 10× Growth10× your investment | 0.0000years | 0.0000years | 0.0000years | 0.0000years |
