$1,000 invested at 8% for 30 years
Future value
$10,063
Interest earned
$9,063
Total growth
906.266%
Investing $1,000 at 8% compounded annually for 30 years grows to $10,063. That's $9,063 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 8%)^30
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