February 1, 2008
Unless you reside under a rock, you have heard that the Federal Reserve cut the Fed Funds target rate from 4.25% to 3.00% in the last two weeks of January. From the economic numbers that I have seen recently, it appears that the cuts were necessary in order to stimulate a rapidly flagging US economy.
But, [...]
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December 20, 2007
“The most powerful force in the universe is compound interest”. Albert Einstein
The rule of 72 allows one to quickly determine how long it will take, at a given interest rate, to double your money on and investment.
For instance, if you have $1000 that is earning interest at the rate of 10% per year, [...]
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