$100,000 invested at 6% for 3 years
Future value
$119,102
Interest earned
$19,102
Total growth
19.1016%
Investing $100,000 at 6% compounded annually for 3 years grows to $119,102. That's $19,102 of compound interest earned on your original $100,000.
FV = $100,000 × (1 + 6%)^3
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