What is the rule of 70?
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The rule of 70 is used to determine the number of years it takes for a variable to double by dividing the number 70 by the variable’s growth rate.
The rule of 70 is used to determine the number of years it takes for a variable to double by dividing the number 70 by the variable’s growth rate. The rule of 70 is generally used to determine how long it would take for an investment to double given the annual rate of return.