|Estimate how long it will take for an investment to double at any given interest rate with the “Rule of 72”. Remember, the Rule of 72 only applies to compound interest, not simple interest calculations.
If you live in the United States, you might have recently gotten a credit card with a microchip on it. But what does this chip do that makes it any different than the magnetic strip on the back of the card?
|A one dollar bill met a 20 dollar bill and said, “Hey, where’ve you been? I haven’t seen you around here much.”
The twenty answered, “I’ve been hanging out at the casinos, went on a cruise and did the rounds of the ship, back to the United States for awhile, went to a couple of baseball games, to the mall, that kind of stuff. How about you?”
The one dollar bill said, “You know, same old stuff, church, church, church.”
Have you ever wondered just how far your money is going?
Whether it’s in your hometown, while you are traveling or during your vacation, money goes fast.
A recent report by Business Insider explains.
A gallon of gas varies from state to state. So does a cup of coffee and other consumer goods. This variation has to do with the real purchasing power of a dollar.