$250,000 invested at 6% for 3 years
Future value
$297,754
Interest earned
$47,754
Total growth
19.1016%
Investing $250,000 at 6% compounded annually for 3 years grows to $297,754. That's $47,754 of compound interest earned on your original $250,000.
FV = $250,000 × (1 + 6%)^3
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