$10,000 invested at 5% for 10 years
Future value
$16,289
Interest earned
$6,289
Total growth
62.8895%
Investing $10,000 at 5% compounded annually for 10 years grows to $16,289. That's $6,289 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 5%)^10
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