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From: thomson@uthub.UUCP (Brian Thomson)
Newsgroups: net.consumers,net.misc
Subject: Re: What is "rule of 78's"?
Message-ID: <139@uthub.UUCP>
Date: Fri, 23-Mar-84 09:00:38 EST
Article-I.D.: uthub.139
Posted: Fri Mar 23 09:00:38 1984
Date-Received: Fri, 23-Mar-84 11:53:56 EST
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Organization: CSRG, University of Toronto
Lines: 7

Is there a difference between the "Rule of 78" and the "Rule of 78s"?
The Rule of 78 that I remember says that a principal increasing at the
rate of N % annually, compounded, will double in approximately
78 / N years.
-- 
		    Brian Thomson,	    CSRG Univ. of Toronto
		    {linus,ihnp4,uw-beaver,floyd,utzoo}!utcsrgv!uthub!thomson