$10,000 invested at 4% for 3 years
Future value
$11,249
Interest earned
$1,249
Total growth
12.4864%
Investing $10,000 at 4% compounded annually for 3 years grows to $11,249. That's $1,249 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 4%)^3
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