$3,000 invested at 6% for 20 years
Future value
$9,621
Interest earned
$6,621
Total growth
220.714%
Investing $3,000 at 6% compounded annually for 20 years grows to $9,621. That's $6,621 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 6%)^20
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