$1,000 invested at 8% for 3 years
Future value
$1,260
Interest earned
$260
Total growth
25.9712%
Investing $1,000 at 8% compounded annually for 3 years grows to $1,260. That's $260 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 8%)^3
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