$3,000 invested at 7% for 10 years
Future value
$5,901
Interest earned
$2,901
Total growth
96.7151%
Investing $3,000 at 7% compounded annually for 10 years grows to $5,901. That's $2,901 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 7%)^10
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