$1,000 invested at 9% for 20 years
Future value
$5,604
Interest earned
$4,604
Total growth
460.441%
Investing $1,000 at 9% compounded annually for 20 years grows to $5,604. That's $4,604 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 9%)^20
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