$10,000 invested at 8% for 3 years
Future value
$12,597
Interest earned
$2,597
Total growth
25.9712%
Investing $10,000 at 8% compounded annually for 3 years grows to $12,597. That's $2,597 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 8%)^3
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