$10,000 invested at 8% for 5 years
Future value
$14,693
Interest earned
$4,693
Total growth
46.9328%
Investing $10,000 at 8% compounded annually for 5 years grows to $14,693. That's $4,693 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 8%)^5
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