$3,000 invested at 3% for 5 years
Future value
$3,478
Interest earned
$478
Total growth
15.9274%
Investing $3,000 at 3% compounded annually for 5 years grows to $3,478. That's $478 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 3%)^5
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