$20,000 invested at 8% for 3 years
Future value
$25,194
Interest earned
$5,194
Total growth
25.9712%
Investing $20,000 at 8% compounded annually for 3 years grows to $25,194. That's $5,194 of compound interest earned on your original $20,000.
FV = $20,000 × (1 + 8%)^3
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