$1,000 invested at 7% for 20 years
Future value
$3,870
Interest earned
$2,870
Total growth
286.968%
Investing $1,000 at 7% compounded annually for 20 years grows to $3,870. That's $2,870 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 7%)^20
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