$2,000 invested at 2% for 10 years
Future value
$2,438
Interest earned
$438
Total growth
21.8994%
Investing $2,000 at 2% compounded annually for 10 years grows to $2,438. That's $438 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 2%)^10
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