$3,000 invested at 5% for 20 years
Future value
$7,960
Interest earned
$4,960
Total growth
165.33%
Investing $3,000 at 5% compounded annually for 20 years grows to $7,960. That's $4,960 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 5%)^20
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