$5,000 invested at 7% for 5 years
Future value
$7,013
Interest earned
$2,013
Total growth
40.2552%
Investing $5,000 at 7% compounded annually for 5 years grows to $7,013. That's $2,013 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 7%)^5
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