$1,000 invested at 5% for 40 years
Future value
$7,040
Interest earned
$6,040
Total growth
603.999%
Investing $1,000 at 5% compounded annually for 40 years grows to $7,040. That's $6,040 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 5%)^40
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space