$1,000 invested at 3% for 30 years
Future value
$2,427
Interest earned
$1,427
Total growth
142.726%
Investing $1,000 at 3% compounded annually for 30 years grows to $2,427. That's $1,427 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 3%)^30
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