$2,000 invested at 4% for 3 years
Future value
$2,250
Interest earned
$250
Total growth
12.4864%
Investing $2,000 at 4% compounded annually for 3 years grows to $2,250. That's $250 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 4%)^3
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