$3,000 invested at 2% for 3 years
Future value
$3,184
Interest earned
$184
Total growth
6.1208%
Investing $3,000 at 2% compounded annually for 3 years grows to $3,184. That's $184 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 2%)^3
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