$5,000 invested at 3% for 1 years
Future value
$5,150
Interest earned
$150
Total growth
3%
Investing $5,000 at 3% compounded annually for 1 years grows to $5,150. That's $150 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 3%)^1
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