$50,000 invested at 12% for 3 years
Future value
$70,246
Interest earned
$20,246
Total growth
40.4928%
Investing $50,000 at 12% compounded annually for 3 years grows to $70,246. That's $20,246 of compound interest earned on your original $50,000.
FV = $50,000 × (1 + 12%)^3
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