$3,000 invested at 12% for 3 years
Future value
$4,215
Interest earned
$1,215
Total growth
40.4928%
Investing $3,000 at 12% compounded annually for 3 years grows to $4,215. That's $1,215 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 12%)^3
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