$5,000 invested at 3% for 10 years
Future value
$6,720
Interest earned
$1,720
Total growth
34.3916%
Investing $5,000 at 3% compounded annually for 10 years grows to $6,720. That's $1,720 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 3%)^10
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