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This simple formula tells you how long it will take for your money to double - while you sit back and relax

MULTIZ321

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pedro47

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Forty-eight (48 ) years to double your money, well if you start at age of 21 you will be 69 years old, after 48 years; you are one year from been eligibility for full social security benefits.... This does not sound like a good planning to me.

You will have no emergency funds.

The person would be better off purchasing government saving bonds or saving every lose coins in a Peggy bank for 48 years LOL..

Once per year he/she could dump all those coins into a saving account or purchase a government bond or a six months savings certificate,
 
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