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Submitted by Scott on November 23, 2007 - 18:12.
I think your calculations for 6% return are off. You claim that 6% will double in 6 years (actually 12 years). You also state, correctly, that 8% will double in 9 years. How does the lower return of 6% double in less time than the 8% investment?
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1
Rule of 72
Submitted by Scott on November 23, 2007 - 18:12.
I think your calculations for 6% return are off. You claim that 6% will double in 6 years (actually 12 years). You also state, correctly, that 8% will double in 9 years. How does the lower return of 6% double in less time than the 8% investment?