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The "72 formula" is a straightforward way to quickly estimate how many years it will take for an amount to grow at a given annual rate . Conversely, it can also help you know how long it will take to eliminate a loan at a constant finance charge. Just split 72 by the finance charge to g

The "72 method " is a straightforward way to quickly figure how many years it will take for an amount to grow at a specific yearly return. Conversely, it can also help you find out how long it will take to extinguish a loan at a constant interest charge. Just split 72 by the interest ch

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It is clear from these various scientific tests that economists remain some distance from achieving a consensus over the determinants of velocity. Nonetheless, the studies show the velocity idea continues to preoccupy a large number of economists Which important progress has been produced.