A shortcut to estimate how many years money takes to double at a compound annual return. It is an approximation.
Años ≈ 72 ÷ (r × 100)
What each letter means
- r: Annual return
An example
With r = 6%: Years to double (approx.) = 12 years.
A shortcut to estimate how many years money takes to double at a compound annual return. It is an approximation.
With r = 6%: Years to double (approx.) = 12 years.