$1,000 invested at 3% for 5 years
Future value
$1,159
Interest earned
$159
Total growth
15.9274%
Investing $1,000 at 3% compounded annually for 5 years grows to $1,159. That's $159 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 3%)^5
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