$3,000 invested at 8% for 10 years
Future value
$6,477
Interest earned
$3,477
Total growth
115.892%
Investing $3,000 at 8% compounded annually for 10 years grows to $6,477. That's $3,477 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 8%)^10
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