Rule of 72
In German: 72er-Regel
A quick estimate of how long money takes to double: 72 divided by the annual return. At 6 % a year it takes about 12 years, at 9 % about 8 years.
In German: 72er-Regel
A quick estimate of how long money takes to double: 72 divided by the annual return. At 6 % a year it takes about 12 years, at 9 % about 8 years.