$10,000 invested at 8% for 10 years
Future value
$21,589
Interest earned
$11,589
Total growth
115.892%
Investing $10,000 at 8% compounded annually for 10 years grows to $21,589. That's $11,589 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 8%)^10
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