$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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