Entry Submitted by Vee at 9:14 AM EST on December 20, 2021
I think the 1st. question one should ask …when your at a (redemption center) bank, is … Why am I here ? Make them tell you what it’s about. Do leave things to presumptions. You know why your there…the purpose , but get it from the hourses mouth.
After this ask, Under what banking act it this being enacted-done- transacted ? If you know the difference then you will understand that things have indeed changed, and give you a clear picture to why it’s taking place. If a rep. for the treasury is present.. they should know the answer.
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It’s called the Rule of 72.
In finance, the rule of 72, the rule of 70 and the rule of 69.3 are methods for estimating an investment’s doubling time. The rule number is divided by the interest percentage per period to obtain the approximate number of periods required for doubling. Wikipedia
That was simple enough to post-paste in the blog.
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