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0 pointsLoanor4y ago0 comments

You do realize the rule of 70 is used to approximate continuous compounding not periodic compounding right?

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There are a bunch of them though compounding normally uses the rule of 69 / 69.3, or rule 72. https://en.wikipedia.org/wiki/Rule_of_72

j / k navigate · click thread line to collapse

There are a bunch of them though compounding normally uses the rule of 69 / 69.3, or rule 72. https://en.wikipedia.org/wiki/Rule_of_72

j / k navigate · click thread line to collapse