Compound interest at 2% is about twice as quick to double your investment as compound interest at 1%.
5% is about 5 times as quick.
But not exactly! 10% is only about 9.5 times as quick.
Does this count as a rule of thumb?
Compound interest at 2% is about twice as quick to double your investment as compound interest at 1%.
5% is about 5 times as quick.
But not exactly! 10% is only about 9.5 times as quick.
Does this count as a rule of thumb?