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View a machine-translated version of the Spanish article. Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia.
An early reference to the rule is in the Summa de arithmetica (Venice, 1494. Fol. 181, n. 44) of Luca Pacioli (1445–1514). He presents the rule in a discussion regarding the estimation of the doubling time of an investment, but does not derive or explain the rule, and it is thus assumed that the rule predates Pacioli by some time.
For continuous compounding interest, you’ll get more accurate results by using 69.3 instead of 72. The Rule of 72 is an estimate, and 69.3 is harder for mental math than 72, which divides easily ...
Part I refers to fundamental rights and duties, which receive special treatment and protection under Spanish law. Article 1 defines the Spanish state: Article 1 defines the Spanish state: Article 1.1 states that "Spain is established as a social and democratic state, subject to the rule of law , which advocates as the highest values of its ...
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Using the Rule of 72, your money should double every 10.3 years. So, by age 45, you should have around $200,000 in retirement savings. By age 55, you should have around $400,000.
The California State Legislature was so upset with an appellate ruling in one such case in 2024—involving deference to Spanish law over California law—that it enacted an urgency statute which expressly overrides California's governmental interest test for resolving a conflict of laws in the specific context of "art or personal property ...
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