How to create wealth for your family 50 - What is Compound Interest?

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Uploaded by on Nov 7, 2011

http://www.learnaccountingfast.com/blog Universal wealth creation principles handed down for centuries. What is Compound Interest? "Compound interest is interest on interest" one of the most powerful financial tools available The rule of 72 says that in order to find the number of years required to double your money at a given interest rate, you can just divide the interest rate into 72.For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.. Information wont make you a $1,000,000---ACTION WILL. You can learn,Business Intelligence,Financial Education,Business skills and How to become rich at http://www.facebook.com/LearnAccountingFast?sk=app_208412272531040

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