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$1,000 invested at 10% for 3 years

Future value

$1,331

Interest earned

$331

Total growth

33.1%

Investing $1,000 at 10% compounded annually for 3 years grows to $1,331. That's $331 of compound interest earned on your original $1,000.

FV = $1,000 × (1 + 10%)^3

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