$50,000 invested at 8% for 5 years
Future value
$73,466
Interest earned
$23,466
Total growth
46.9328%
Investing $50,000 at 8% compounded annually for 5 years grows to $73,466. That's $23,466 of compound interest earned on your original $50,000.
FV = $50,000 × (1 + 8%)^5
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