$3,000 invested at 12% for 5 years
Future value
$5,287
Interest earned
$2,287
Total growth
76.2342%
Investing $3,000 at 12% compounded annually for 5 years grows to $5,287. That's $2,287 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 12%)^5
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