Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

rule of 72

Read a random definition: equity praeter legem

A quick definition of rule of 72:

The rule of 72 is a simple way to figure out how long it will take for your money to double if you invest it at a compound interest rate. All you have to do is divide 72 by the interest rate, and the answer will tell you how many years it will take for your investment to double. For example, if the interest rate is 6%, it will take 12 years for your investment to double (72 divided by 6).

A more thorough explanation:

The rule of 72 is a simple method used to determine how long it will take for an investment to double in value at a compound interest rate. It is calculated by dividing 72 by the interest rate.

If you invest $10,000 at a compound interest rate of 6%, it will take approximately 12 years for your investment to double in value. This is calculated by dividing 72 by 6.

Another example is if you invest $5,000 at a compound interest rate of 8%, it will take approximately 9 years for your investment to double in value. This is calculated by dividing 72 by 8.

The rule of 72 is a useful tool for investors to estimate how long it will take for their investments to grow. It is important to note that this is just an estimate and actual results may vary.

rule of right | rule of 78

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
me when that person on reddit said UofU wave and it's.... 3 people
help who just posted that right after I started bitching in chat
my heart fell straight into my ass mind u
and i just got a fucking app status tracker update... not for UofU... my BP is so spiked rn
QuarrelsomeTurkey
18:29
does anyone know if bu ever releases after 5 pm
Lol @jupitersmoons It feels like UofU is screwing with us haha
fr like I know it"s Mountain Time but bestie we have less than half an hour before typical EOD
what we doing
Real
19:17
new COAs are out
19:37
Anyone know how long it takes to get aid package after getting admitted to UChicago or Northwestern?
I’d ask in the t14 chat bc lol it may be a bit until you can get someone who can answer that question here
21:19
@syddak: Oof tough spot. Congrats on the As. Did either indicate either via email/mail that they would be following up with aid, and if so, did they provide a time frame? It may be acceptable to email them and indicate seat deposits are fast approaching and you are curious if you can expect further info (aid) from the school to aid u in ur decision..
0:26
@UnderRepresentedTryhard: that’s a greater than sign. Meaning outside t14
0:27
Schools>t14
IrishDinosaur
13:38
I'm convinced USC doesn't really exist
IrishDinosaur
13:38
it's an elaborate hoax
i showed a guy at asd my lsd profile. little does he know that im an influencer
babycakes
16:36
u such a crazy flexer
the fellas were impressed by the r less cycle
you guys have really impressive lsats, nice job
LSD+ is ad-free, with DMs, discounts, case briefs & more.