$5,000 invested at 2% for 5 years
Future value
$5,520
Interest earned
$520
Total growth
10.4081%
Investing $5,000 at 2% compounded annually for 5 years grows to $5,520. That's $520 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 2%)^5
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