$50,000 invested at 8% for 3 years
Future value
$62,986
Interest earned
$12,986
Total growth
25.9712%
Investing $50,000 at 8% compounded annually for 3 years grows to $62,986. That's $12,986 of compound interest earned on your original $50,000.
FV = $50,000 × (1 + 8%)^3
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