$20,000 invested at 6% for 5 years
Future value
$26,765
Interest earned
$6,765
Total growth
33.8226%
Investing $20,000 at 6% compounded annually for 5 years grows to $26,765. That's $6,765 of compound interest earned on your original $20,000.
FV = $20,000 × (1 + 6%)^5
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