$5,000 invested at 7% for 3 years
Future value
$6,125
Interest earned
$1,125
Total growth
22.5043%
Investing $5,000 at 7% compounded annually for 3 years grows to $6,125. That's $1,125 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 7%)^3
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