$1,000 invested at 5% for 10 years
Future value
$1,629
Interest earned
$629
Total growth
62.8895%
Investing $1,000 at 5% compounded annually for 10 years grows to $1,629. That's $629 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 5%)^10
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