$1,000 invested at 4% for 5 years
Future value
$1,217
Interest earned
$217
Total growth
21.6653%
Investing $1,000 at 4% compounded annually for 5 years grows to $1,217. That's $217 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 4%)^5
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