$50,000 invested at 6% for 3 years
Future value
$59,551
Interest earned
$9,551
Total growth
19.1016%
Investing $50,000 at 6% compounded annually for 3 years grows to $59,551. That's $9,551 of compound interest earned on your original $50,000.
FV = $50,000 × (1 + 6%)^3
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