$2,000 invested at 4% for 10 years
Future value
$2,960
Interest earned
$960
Total growth
48.0244%
Investing $2,000 at 4% compounded annually for 10 years grows to $2,960. That's $960 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 4%)^10
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