Learn Rule of 72 with MATLAB
#Shorts
What is Rule of 72? Rule of 72 is a quick, useful formula that is popularly used to estimate the number of years required to double the invested money at a given annual rate of return. Alternatively, it can compute the annual rate of compounded return from an investment given how many years it will take to double the investment. The formula is: number of years ≈ 72 ÷ (rate of return). Here is the MATLAB Code from the video:
V = 10000; % Amount
CAGR = 7.2; % CAGR
Years = round(72/CAGR);
for i = 1:Years
V(i+1) = V(i)*(1+CAGR/100);
fprintf('Year %2d, Amount = %.2f\n',i,V(i+1));
end
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Keywords: Learn Rule of 72 with MATLAB, Investments with MATLAB, CAGR
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