$3,000 invested at 4% for 5 years
Future value
$3,650
Interest earned
$650
Total growth
21.6653%
Investing $3,000 at 4% compounded annually for 5 years grows to $3,650. That's $650 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 4%)^5
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