Page 9 - Business/economy

Old Colorado Almanac - page 9
business/economy- continued

Vacancy and Rent Rates in Colorado
	Data from a survey conducted for the Colorado Division of Housing by Gordon E. Von Stroh, Ph.D., The University of Denver
As the rental vacancy rate rose in 2001 through 2003 . . .
		. . . the rise in rent rates tapered off.

Tips on Financial Figuring
Rule of 9 on Accounting When adding a list of numbers, and the total differs from the total obtained elsewhere (for example when you can't balance your checkbook), if the difference between the two totals is evenly divisible by 9, then there probably is a transposition error (that is, the digits in a number in the list are in the wrong order). Example: Your bank statement shows your balance is $500, but your calculation shows $473. The difference is $27, which is divisible by 9 ; therefore, you should look in the list of numbers you added up for any digits that you inadvertently reversed the order.
Rule of 72 on Investments To find how long it takes to double your money at a given interest rate, divide the interest rate into 72 and that's the number of years it takes to double your money. *Example:* At 8% annual interest (with annual compounding), it takes 9 years to double your money ( 72 divided by 8 = 9).

	Ad from The Colorado Farmer, April 8, 1886