$1,000 invested at 12% for 20 years
Future value
$9,646
Interest earned
$8,646
Total growth
864.629%
Investing $1,000 at 12% compounded annually for 20 years grows to $9,646. That's $8,646 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 12%)^20
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