Compound Interest on
,000 at 6% for 5 Years

,000 invested at 6% annual compound interest for 5 years grows to
,338.23. That is $338.23 in interest earned on top of your original
,000 — a 33.8% total return. Compound interest is called the "eighth wonder of the world" because interest earns interest, creating exponential rather than linear growth over time.

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