$20,000 invested at 9% for 10 years
Future value
$47,347
Interest earned
$27,347
Total growth
136.736%
Investing $20,000 at 9% compounded annually for 10 years grows to $47,347. That's $27,347 of compound interest earned on your original $20,000.
FV = $20,000 × (1 + 9%)^10
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