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Albert Einstein, is also known for popularizing compound interest, with his "Rule 72".
-quote-
"Albert Einstein’s spirit is still being conjured up to sell the idea of compound interest / returns. The genius physicist regaled compound interest as the ninth wonder of the world. He was also credited with popularizing compound interest by introducing a simple mathematical approximation (click on picture!) :
72 divided by interest rate return = # of years it takes for your money to double."
-end of quote-
-quote-
"Albert Einstein’s spirit is still being conjured up to sell the idea of compound interest / returns. The genius physicist regaled compound interest as the ninth wonder of the world. He was also credited with popularizing compound interest by introducing a simple mathematical approximation (click on picture!) :
72 divided by interest rate return = # of years it takes for your money to double."
-end of quote-
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You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
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