$3,000 invested at 5% for 5 years
Future value
$3,829
Interest earned
$829
Total growth
27.6282%
Investing $3,000 at 5% compounded annually for 5 years grows to $3,829. That's $829 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 5%)^5
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