$2,000 invested at 8% for 3 years
Future value
$2,519
Interest earned
$519
Total growth
25.9712%
Investing $2,000 at 8% compounded annually for 3 years grows to $2,519. That's $519 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 8%)^3
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