$2,000 invested at 3% for 5 years
Future value
$2,319
Interest earned
$319
Total growth
15.9274%
Investing $2,000 at 3% compounded annually for 5 years grows to $2,319. That's $319 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 3%)^5
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