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$5,000 invested at 4% for 3 years

Future value

$5,624

Interest earned

$624

Total growth

12.4864%

Investing $5,000 at 4% compounded annually for 3 years grows to $5,624. That's $624 of compound interest earned on your original $5,000.

FV = $5,000 × (1 + 4%)^3

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