The power of compound interest
This illustrates that at a higher interest % rate per year, you would require fewer years to double your money. In Singapore particularly, there are unique products like the CPF which also helps to support each individuals endeavour to grow his or her money.
The beautiful rule of 72
You can see in the chart illustrated above, where the green numbers represent the number of years, and the red interest % represents the rate of return needed to double your initial capital.
It is compressed into this simple formula you can see here:
An example: What strategy to double $10,000?
Joe, 25 just graduated recently and has been …