$20,000 invested at 9% for 5 years
Future value
$30,772
Interest earned
$10,772
Total growth
53.8624%
Investing $20,000 at 9% compounded annually for 5 years grows to $30,772. That's $10,772 of compound interest earned on your original $20,000.
FV = $20,000 × (1 + 9%)^5
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