$1,000 invested at 6% for 20 years
Future value
$3,207
Interest earned
$2,207
Total growth
220.714%
Investing $1,000 at 6% compounded annually for 20 years grows to $3,207. That's $2,207 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 6%)^20
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space