Ordinary annuity vs. annuity due: The small difference that affects its value

This seemingly small difference in timing can impact the future value of an annuity because of the time value of money. Money received earlier allows it more time to earn interest, potentially leading ...
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Rule of 72: What it is and how to use it

Here’s how the Rule of 72 works: Divide 72 by your expected annual interest rate (as a percentage, not a decimal). The answer is roughly the number of years it will take for your money to double. For ...