$3,000 invested at 8% for 3 years
Future value
$3,779
Interest earned
$779
Total growth
25.9712%
Investing $3,000 at 8% compounded annually for 3 years grows to $3,779. That's $779 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 8%)^3
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