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TVM Formula Index Lump Sum Formulas Regular Annuity Formulas Annuity Due Formulas
www.tvmcalcs.com/tvm/lumpsums_fv
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You can download an Excel spreadsheet that contains the above chart so that you can experiment with the numbers.
The Rule of 72
The Rule of 72 is an often useful tool that can be used to approximate how long it will take to double your money at a particular interest rate: Years to double money = 72 interest rate So, using the rule we can see that at 8% it will take about 9 years to double your money: Years to double money = 72 8% = 9 years Alternatively, the rule can tell us what interest rate is needed to double your money in a particular number of years:
www.tvmcalcs.com/tvm/lumpsums_fv
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www.tvmcalcs.com/tvm/lumpsums_fv
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