$500 invested at 4% for 20 years
Future value
$1,096
Interest earned
$596
Total growth
119.112%
Investing $500 at 4% compounded annually for 20 years grows to $1,096. That's $596 of compound interest earned on your original $500.
FV = $500 × (1 + 4%)^20
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space