$1,000 invested at 6% for 3 years
Future value
$1,191
Interest earned
$191
Total growth
19.1016%
Investing $1,000 at 6% compounded annually for 3 years grows to $1,191. That's $191 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 6%)^3
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