What is the Rule of 72?
In an effort to educate the next generation, we have a Raleigh local St. David’s School student, Thomas, here to answer what he thinks it means to play by the rule of 72. Thomas gives a clever answer that “everything must be 80’s music.”
Jason explains that if you invest money at 7% it will actually double in ten years – play by the rule of 72!
The rule of 72 mostly comes into play when doing quick mental calculations to reach an approximated value. The rule of 72 is applied to anything that increases exponentially and compounded interest rates. This technique is most accurate for interest rates between 6% and 10%.
To teach financial literacy and give prudent life advice while you drink a great cup of coffee.
WHY IT MATTERS
Financial literacy helps you make informed decisions when it comes to your money. Bull and Bear Brew aims to help you avoid money mistakes, one sip at a time. Just scan the code on the side of the bag or sign up to join us and “drink what makes you savvy!”
KNOWLEDGE IS POWER
By joining us, you’re fueling the future. With each coffee bag purchase, our mission continues through donations to organizations that bridge the financial literacy gap and empower the next generation.
Join us with your morning brew to learn something new.
ONE SIP AT A TIME!