$5,000 invested at 8% for 20 years
Future value
$23,305
Interest earned
$18,305
Total growth
366.096%
Investing $5,000 at 8% compounded annually for 20 years grows to $23,305. That's $18,305 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 8%)^20
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space