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The Wall Street Skinny on Instagram: "The actual answer is 26%. The number you get using the rule of 72 is 24%. But the more interesting question is: 1. HOW do we get the answer? 2. WHY would you use the rule of 72 vs. Excel or a financial calculator? 3. What the heck IS the rule of 72 anyway? In investment banking and private equity interviews, the notorious “Paper LBO” is a common way firms test candidates’ technical capabilities. In the paper LBO, the interviewer will give you (the candidate)

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