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The basic method to compute this on pen and paper is to develop a formula where you have 20 percent drawn up as 20 divided by 100 and after that you increase this by X over 160 to discover the worth or the number that is 20 percent from 160.

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When they inform you 4% a little math in your head and you understand it will take about 36 years for our cash to double. It might make you reconsider those low rates. So lets state you enter into a bank and ask how much their CD rates are.

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