If I invest $16,000 how much will it be worth in the future?
This calculates the future value of an investment given the initial amount, any future additions, the investment return, and the investment horizon.
It assumes a constant investment return throughout the whole investment period and does not account for any taxes. This could be used to estimate the future value of a stock, index fund, bank account, etc.
Investment of 16,000 by percentage return and time with no extra additions during investment period.