$3,000 invested at 5% for 10 years
Future value
$4,887
Interest earned
$1,887
Total growth
62.8895%
Investing $3,000 at 5% compounded annually for 10 years grows to $4,887. That's $1,887 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 5%)^10
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