Posts tagged as:

Interest

Searching For Yield

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. […]

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The Rule of 72 and Compound Interest

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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