If you invest $10,000 at an annual interest rate of 7%, compounded annually:
- After 10 years, your investment would grow to about $19,672.
- After 20 years, it would increase to approximately $38,697.
- After 30 years, it would rise to around $76,123.
This shows how the initial investment more than doubles every 10 years due to the compounding effect.
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