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$1,000 invested at 5% for 5 years

Future value

$1,276

Interest earned

$276

Total growth

27.6282%

Investing $1,000 at 5% compounded annually for 5 years grows to $1,276. That's $276 of compound interest earned on your original $1,000.

FV = $1,000 × (1 + 5%)^5

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