$5,000 invested at 6% for 3 years
Future value
$5,955
Interest earned
$955
Total growth
19.1016%
Investing $5,000 at 6% compounded annually for 3 years grows to $5,955. That's $955 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 6%)^3
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