$3,000 invested at 4% for 3 years
Future value
$3,375
Interest earned
$375
Total growth
12.4864%
Investing $3,000 at 4% compounded annually for 3 years grows to $3,375. That's $375 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 4%)^3
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