$50,000 invested at 5% for 3 years
Future value
$57,881
Interest earned
$7,881
Total growth
15.7625%
Investing $50,000 at 5% compounded annually for 3 years grows to $57,881. That's $7,881 of compound interest earned on your original $50,000.
FV = $50,000 × (1 + 5%)^3
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