$20,000 invested at 12% for 3 years
Future value
$28,099
Interest earned
$8,099
Total growth
40.4928%
Investing $20,000 at 12% compounded annually for 3 years grows to $28,099. That's $8,099 of compound interest earned on your original $20,000.
FV = $20,000 × (1 + 12%)^3
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