$1,000 invested at 7% for 5 years
Future value
$1,403
Interest earned
$403
Total growth
40.2552%
Investing $1,000 at 7% compounded annually for 5 years grows to $1,403. That's $403 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 7%)^5
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space