$5,000 invested at 5% for 3 years
Future value
$5,788
Interest earned
$788
Total growth
15.7625%
Investing $5,000 at 5% compounded annually for 3 years grows to $5,788. That's $788 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 5%)^3
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