$3,000 invested at 2% for 5 years
Future value
$3,312
Interest earned
$312
Total growth
10.4081%
Investing $3,000 at 2% compounded annually for 5 years grows to $3,312. That's $312 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 2%)^5
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