$3,000 invested at 10% for 5 years
Future value
$4,832
Interest earned
$1,832
Total growth
61.051%
Investing $3,000 at 10% compounded annually for 5 years grows to $4,832. That's $1,832 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 10%)^5
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