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Strategies & Market Trends : Ride the Tiger with CD
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To: orkrious who wrote (22435)12/1/2004 1:49:01 PM
From: goldsheet   of 312866
 
>> Well if gold reaches $1000 in five years then that would make it about a double i.e: 20% a year.

> a double in five years is just over 12%/year compounded

Rule of 72 estimate is 72/5 years = 14.4% compunded

exact calculation is 14.87%
FV = PV ( 1 + i ) ^ n
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