$1,000 invested at 7% for 30 years
Future value
$7,612
Interest earned
$6,612
Total growth
661.226%
Investing $1,000 at 7% compounded annually for 30 years grows to $7,612. That's $6,612 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 7%)^30
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