$10,000 invested at 2% for 3 years
Future value
$10,612
Interest earned
$612
Total growth
6.1208%
Investing $10,000 at 2% compounded annually for 3 years grows to $10,612. That's $612 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 2%)^3
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