The doubling rule of 72
This is just a quick little strategy to help you work out what things could be worth in the future. The ‘rule of 72’ enables you to determine how long it will take for something to double given a fixed growth rate.
For example, if you divide either the growth rate or the interest rate into 72 the answer will always tell you how many years it would take for your investment to double in value.
It is a very useful tool when calculating growth rates of property values in the future.
This one little tool can save thousands of dollars when calculating contracts and settlement values on property.
We always recommend that you seek professional advice as this blog is for general information only