$10,000 invested at 3% for 5 years
Future value
$11,593
Interest earned
$1,593
Total growth
15.9274%
Investing $10,000 at 3% compounded annually for 5 years grows to $11,593. That's $1,593 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 3%)^5
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