$2,000 invested at 9% for 3 years
Future value
$2,590
Interest earned
$590
Total growth
29.5029%
Investing $2,000 at 9% compounded annually for 3 years grows to $2,590. That's $590 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 9%)^3
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