$3,000 invested at 3% for 10 years
Future value
$4,032
Interest earned
$1,032
Total growth
34.3916%
Investing $3,000 at 3% compounded annually for 10 years grows to $4,032. That's $1,032 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 3%)^10
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