$5,000 invested at 8% for 3 years
Future value
$6,299
Interest earned
$1,299
Total growth
25.9712%
Investing $5,000 at 8% compounded annually for 3 years grows to $6,299. That's $1,299 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 8%)^3
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