$15,000 invested at 8% for 3 years
Future value
$18,896
Interest earned
$3,896
Total growth
25.9712%
Investing $15,000 at 8% compounded annually for 3 years grows to $18,896. That's $3,896 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 8%)^3
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