Compound Interest on
,000 at 7% for 10 Years

,000 invested at 7% annual compound interest for 10 years grows to
,967.15. That is $967.15 in interest earned on top of your original
,000 — a 96.7% total return. Compound interest is called the "eighth wonder of the world" because interest earns interest, creating exponential rather than linear growth over time.

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