$10,000 invested at 2% for 5 years
Future value
$11,041
Interest earned
$1,041
Total growth
10.4081%
Investing $10,000 at 2% compounded annually for 5 years grows to $11,041. That's $1,041 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 2%)^5
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