$3,000 invested at 7% for 3 years
Future value
$3,675
Interest earned
$675
Total growth
22.5043%
Investing $3,000 at 7% compounded annually for 3 years grows to $3,675. That's $675 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 7%)^3
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