$20,000 invested at 10% for 3 years
Future value
$26,620
Interest earned
$6,620
Total growth
33.1%
Investing $20,000 at 10% compounded annually for 3 years grows to $26,620. That's $6,620 of compound interest earned on your original $20,000.
FV = $20,000 × (1 + 10%)^3
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