The Power of 72

Your investment will double in value over time if the interest is compounded. The time your investment doubles can be determined by dividing the interest rate into 72. For example, $1,000 invested at 6% will become $2,000 in 12 years (72 ÷ 6 = 12). This is the power of compound interest.

Use this form to calculate the effects of compound interest on your investment. (NOTE: amounts are estimated and for illustrative purposes only.)