Which is more impressive?
(A) This market is doubling in the next 5 years!
(*) **** ****** ** ******* ** average ** **.**% *** ****
****, **** *** *********** *** **** thing. * ****** **** ***** ** 14.87% *** **** **** ****** ** a * **** ******. *******, (*) sounds *** **** **********.
********, *** *** ******* *** '******** in *' ****** *** ***** ***** releases, ***** *** ****** **** ****** to ********** ******* **** ***** ****** segments *** ************ **** **** ** gold ****.
Determining ****** ****** ****
** ******* ***** *** * ****** is ***** ** ****** (** ******) in * ****** ** *****, *** can ****** ****** *** *** **** annual ****** **** ** ***** *********** ****** ****** **** **********, **** **:
Assessing ****** *****
***** ** ***, ****** *** '********' or '********' ******. ****, ** *** pay *** ********* ** ***********, **** "This ****** ** ***** ** $* gazillion ** ****" (*.*., ********** **** '*****'). ** *** **** * **** enough **** *****, *** *** ***** out ********** ***** *********** *** **** anything.
****, ******** **** ****** *********** ****** always ****** **** ** ********* **** happen ****** *** **** ****** *******, which ** *************, *** *********.
**** *** **** ***** ** ****** for ****** ****** *****:
** *** **** **** *** *** a ****** ******** ** * *****, remember **** ** ****** '** ***' growth. *** *** ***** ************ ****** *** *** ****** ****** rate.
Don't forget the Rule of 72 for quick mental calculations.
From Betterexplained.com:
The Rule of 72 is a great mental math shortcut to estimate the effect of any growth rate, from quick financial calculations to population estimates. Here’s the formula:
Years to double = 72 / Interest Rate
Andy, good rule of thumb! Thanks for calling it out!
For example 72 / 5 years = 14.4, very close to the actual number (14.87)
