|
Online Calculators > Financial Calculators > Doubling Time Calculator
Doubling Time Calculator
Doubling Time Calculator - to calculate the time it takes for an investment to be double in size or value. Doubling time formula below shows how to calculate doubling time based on the growth rate.
Doubling Time Formula
Doubling time formula below shows how to calculate doubling time based on growth rate.
Doubling Time = log(2)/log(1 + r), where
r = interest rate
How to calculate doubling time
If an investment pays 6% interest, how long does it take to double the investment?
Doubling Time = log(2)/log(1 + r) = log(2)/log(1+0.06) = 11.90 years
How to Double Your Money
Investment is one of the best ways to grow your money. An investment that pays a 5% a year would double your money in about 14 years. An investment with regular monthly
contributions would grow even faster. To learn how to double your money and achieve financial freedom, read
MONEY Master the Game: 7 Simple Steps to Financial Freedom
|