Cryptocurrency Q&A
What ROI will you need to double your money in 6 years?
What ROI will you need to double your money in 6 years?
HanjiHandiwork
Fri Nov 01 2024
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5 answers
1316
I want to know what kind of return on investment (ROI) is needed to double my money within a period of 6 years.
5 answers
Sara
Sat Nov 02 2024
For instance, if you want to double your investment in six years, you can use the Rule of 72 to determine the required rate of return.
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ShintoBlessing
Sat Nov 02 2024
Investments in stocks do not provide a guaranteed rate of return.
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DigitalDynasty
Sat Nov 02 2024
By dividing 72 by 6, you find that you would need an annual return of 12% to achieve this goal.
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Sofia
Sat Nov 02 2024
Despite this, the Rule of 72 can be a useful tool for understanding the potential growth of an investment.
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SakuraSpirit
Sat Nov 02 2024
This rule states that to find out how long it will take to double your money, you divide 72 by the annual rate of return.
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