Europe’s 5G to cost $62 billion more if Chinese vendors banned: telcos – Reuters

A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months, according to an industry analysis seen by Reuters.
— Read on www.reuters.com/article/us-huawei-europe-gsma/europes-5g-to-cost-62-billion-more-if-chinese-vendors-banned-telcos-idUSKCN1T80Y3

Rule of 72

What does the Rule of 72 mean? It is rule stating how long it will take to double your money at any given interest rate. You divide the compound return by 72. This will give you an approximation of the number of years for your investment to double.

Example:

7% interest rate formula: 72/7=10.28 (it will take 10.28 years for your investment to double with a 7% interest rate)

Note: We would be fortunate today as consumers receiving this kind of return on GICS or Dividend Stocks.

12% interest rate formula: 72/12=6 (it will take 6 years for your investment to double with a 12% interest rate)

24% interest rate formula: 72/24=3 (it will take 3 years for your investment to double with a 24% interest rate)

Note: The credit card companies make this kind of return easily when consumers have outstanding balances on their credit cards and only pay the minimum. As you can see your debt will double in less than 3 years with a 24% credit card interest rate. The higher the rate the quicker the doubling of debt.

Sam Latella