Imagine investing $10,000 with a 7% annual interest rate, compounded yearlyđ
⢠In 10 years: Your investment would grow to around $19,672.
⢠In 20 years: It would rise to approximately $38,697.
⢠In 30 years: It would soar to about $76,123.
This shows how the power of compounding causes your investment to more than double every 10 years.
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