$5,000 invested at 3% for 5 years
Future value
$5,796
Interest earned
$796
Total growth
15.9274%
Investing $5,000 at 3% compounded annually for 5 years grows to $5,796. That's $796 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 3%)^5
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