$5,000 invested at 6% for 5 years
Future value
$6,691
Interest earned
$1,691
Total growth
33.8226%
Investing $5,000 at 6% compounded annually for 5 years grows to $6,691. That's $1,691 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 6%)^5
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