$1,000 invested at 2% for 3 years
Future value
$1,061
Interest earned
$61
Total growth
6.1208%
Investing $1,000 at 2% compounded annually for 3 years grows to $1,061. That's $61 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 2%)^3
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