$3,000 invested at 8% for 20 years
Future value
$13,983
Interest earned
$10,983
Total growth
366.096%
Investing $3,000 at 8% compounded annually for 20 years grows to $13,983. That's $10,983 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 8%)^20
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