$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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