$5,000 invested at 3% for 3 years
Future value
$5,464
Interest earned
$464
Total growth
9.2727%
Investing $5,000 at 3% compounded annually for 3 years grows to $5,464. That's $464 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 3%)^3
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