$20,000 invested at 4% for 5 years
Future value
$24,333
Interest earned
$4,333
Total growth
21.6653%
Investing $20,000 at 4% compounded annually for 5 years grows to $24,333. That's $4,333 of compound interest earned on your original $20,000.
FV = $20,000 × (1 + 4%)^5
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