$1,000 invested at 7% for 10 years
Future value
$1,967
Interest earned
$967
Total growth
96.7151%
Investing $1,000 at 7% compounded annually for 10 years grows to $1,967. That's $967 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 7%)^10
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