Finding the Next Starbucks
Finding the Next Starbucks

Finding the Next Starbucks

The rule says that if you divide an interest rate into 72, it will tell you how many years it will take to double your investment. At 9% interest, a dollar would double in 8 years (72 ÷ 9 = 8). At 12% interest, a dollar will double in 6 years. Another way to look at it is that a company growing its earnings (Location 294)