$1,000 invested at 12% for 3 years
Future value
$1,405
Interest earned
$405
Total growth
40.4928%
Investing $1,000 at 12% compounded annually for 3 years grows to $1,405. That's $405 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 12%)^3
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