$10,000 invested at 5% for 3 years
Future value
$11,576
Interest earned
$1,576
Total growth
15.7625%
Investing $10,000 at 5% compounded annually for 3 years grows to $11,576. That's $1,576 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 5%)^3
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