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$1,000 invested at 4% for 3 years

Future value

$1,125

Interest earned

$125

Total growth

12.4864%

Investing $1,000 at 4% compounded annually for 3 years grows to $1,125. That's $125 of compound interest earned on your original $1,000.

FV = $1,000 × (1 + 4%)^3

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