$1,000 invested at 7% for 40 years
Future value
$14,974
Interest earned
$13,974
Total growth
1,397.45%
Investing $1,000 at 7% compounded annually for 40 years grows to $14,974. That's $13,974 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 7%)^40
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