$100,000 invested at 9% for 3 years
Future value
$129,503
Interest earned
$29,503
Total growth
29.5029%
Investing $100,000 at 9% compounded annually for 3 years grows to $129,503. That's $29,503 of compound interest earned on your original $100,000.
FV = $100,000 × (1 + 9%)^3
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