$5,000 invested at 8% for 5 years
Future value
$7,347
Interest earned
$2,347
Total growth
46.9328%
Investing $5,000 at 8% compounded annually for 5 years grows to $7,347. That's $2,347 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 8%)^5
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