The Rule of 72 is a simple financial tool used to estimate the time it takes for an investment to double, based on a fixed annual rate of return
Rule72Calc
by Kimberley Daudet
What is it about?
The Rule of 72 is a simple financial tool used to estimate the time it takes for an investment to double, based on a fixed annual rate of return. The basic idea is to divide 72 by the annual rate of return (expressed as a percentage).
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App Store Description
The Rule of 72 is a simple financial tool used to estimate the time it takes for an investment to double, based on a fixed annual rate of return. The basic idea is to divide 72 by the annual rate of return (expressed as a percentage).
Rule72Calc provides a more precise method for calculating the doubling time and increase rate, based on natural logarithms and exponential functions. This approach adheres to the basic principle of the Rule of 72 while offering more accurate results through mathematical formulas.
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AppAdvice does not own this application and only provides images and links contained in the iTunes Search API, to help our users find the best apps to download. If you are the developer of this app and would like your information removed, please send a request to takedown@appadvice.com and your information will be removed.