$1,000 invested at 8% for 20 years
Future value
$4,661
Interest earned
$3,661
Total growth
366.096%
Investing $1,000 at 8% compounded annually for 20 years grows to $4,661. That's $3,661 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 8%)^20
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