With so many products to choose from in today’s financial sector, it is extremely important that you know how money truly works. The Rule of 72 and the Magic of Compounding show how your money can effectively work for you.
This shows the years it takes to double your money at various percentage rates by dividing the rates into 72.

The following is an example of a one time deposit of $10,000 left to compound over time at various interest rates.
