$2,000 invested at 8% for 10 years
Future value
$4,318
Interest earned
$2,318
Total growth
115.892%
Investing $2,000 at 8% compounded annually for 10 years grows to $4,318. That's $2,318 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 8%)^10
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