WE WROTE A BESTSELLING BOOK! Order our book , Financial Joy: https://geni.us/financialjoy. The book is a 10-week plan to …
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WE WROTE A BESTSELLING BOOK! Order our book , Financial Joy: https://geni.us/financialjoy. The book is a 10-week plan to …
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15 comments
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4
What about compounding?
I'd go 10 because of compounding
Thanks
where can we get a 7% return?
where can we get a 7% return?
Agreed! This is why I force this info into all my undergrad classes I teach. Too important!!
Another way to think about it is that It's just log(1.07)(2) which gives us 10.25 years. So it takes 10.25 years to double any investment given a 7% annual return. Although, I think 7% is a bit high and you'd he better off using 5%, which would mean it will take you 14.2 years instead. This ofc doesn't take into consideration any inflation.
🤑👍
I would rather buy cryptocurrencies.
Love these shorts Ken! Please keep them coming! 👏🏼👍🏻
Sorry that totally didnt make sense to me at all 1k at 7% interest would take over 14yrs to reach 2K what am I missing?
Quality content as usual, love that white hoodie!
I guessed correctly! Good to know! 🤩