$1,000 invested at 5% for 3 years
Future value
$1,158
Interest earned
$158
Total growth
15.7625%
Investing $1,000 at 5% compounded annually for 3 years grows to $1,158. That's $158 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 5%)^3
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