In Finance, the rule of 72 is used to estimate the amount of time it will take to double your money.
It is given by the mathematical formula of:
72/interest rate = years to double
If you will place ₱100,000 in a time deposit with an annual interest rate of 1.2%, it will take you 60 years to double your money.
How strong is the purchasing power of ₱200,000 60 years from now?
Friends, knowledge is power. Don’t let your hard-earned money lose its value with inflation.
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