$1,000 invested at 10% for 5 years
Future value
$1,611
Interest earned
$611
Total growth
61.051%
Investing $1,000 at 10% compounded annually for 5 years grows to $1,611. That's $611 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 10%)^5
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