$5,000 invested at 8% for 10 years
Future value
$10,795
Interest earned
$5,795
Total growth
115.892%
Investing $5,000 at 8% compounded annually for 10 years grows to $10,795. That's $5,795 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 8%)^10
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