3 ms·
You do realize the rule of 70 is used to approximate continuous compounding not periodic compounding right?
by Loanor 5y ago
You do realize the rule of 70 is used to approximate continuous compounding not periodic compounding right?
- Retric 5y agoThere are a bunch of them though compounding normally uses the rule of 69 / 69.3, or rule 72. https://en.wikipedia.org/wiki/Rule_of_72 https://en.wikipedia.org/wiki/Rule_of_72