$3,000 invested at 9% for 20 years
Future value
$16,813
Interest earned
$13,813
Total growth
460.441%
Investing $3,000 at 9% compounded annually for 20 years grows to $16,813. That's $13,813 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 9%)^20
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