Mortgage Rates - Rule Of 72 And when
Mortgage Rates - Rule Of 72 And when in doubt, ask lots of questions. [...] One of the critical skills for determining the efficacy of your current mortgage, and how much you’re going to be paying for it, is the Rule of 72. The Rule of 72 is a common rule of thumb for calculating how much compound interest actually costs, and is used by financial institutions. The rate of a mortgage is usually expressed as a percentage rate, and it’s like the interest rate you pay on a credit card.
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