$50,000 invested at 7% for 3 years
Future value
$61,252
Interest earned
$11,252
Total growth
22.5043%
Investing $50,000 at 7% compounded annually for 3 years grows to $61,252. That's $11,252 of compound interest earned on your original $50,000.
FV = $50,000 × (1 + 7%)^3
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