Guest Column: The Bottom Line – The Rule of 72

The Bottom Line-Monthly Accounting Advice for Better Business- September 2009
Brought to you by Capital Bookkeeping
The Rule of 72

The Rule of 72 estimates the number of years it takes your investment to double in value at any given compounded interest rate. For example, if you invested $5,000 at 8% interest, it will take about 9 years to double to $10,000. (72 divided by 8 = 9). We work with some great financial advisors and would be happy to offer you a referral. Please contact Karin Lichtenstein, karin@capitalbookkeeping.com.

Capital Bookkeeping is a CWCC member, as well as the bookkeeping firm for the CWCC. Donna Evans, Chamber President, says “I highly recommend Capital Bookkeeping and encourage you to contact Karin. We are thrilled with their work and our relationship with them.” Let Capital Bookkeeping handle your bookkeeping so you can do what you do best- focus on running your business.

Contact Capital Bookkeeping Owner Karin Lichtenstein at 720-200-5025 or email her at Karin@capitalbookkeeping.com. Visit the website at www.capitalbookkeeping.com.

Chamber members receive 10% off your first two months services!