$3,000 invested at 6% for 1 years
Future value
$3,180
Interest earned
$180
Total growth
6%
Investing $3,000 at 6% compounded annually for 1 years grows to $3,180. That's $180 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 6%)^1
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