rule of 72

rule of 72

Financial Literacy Lesson 8 – Why Not to Save Money And Rule of 72 Formula

In the last post, we left you with the question… What’s the current interest rate on a savings account? It’s 0.09%. Don’t believe me? Let me google that for you. What do the Banks do with your cash? Well, we established that they give you 0.09% interest, which is nothing. However, they take the cash …

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