$7,500 invested at 10% for 3 years
Future value
$9,983
Interest earned
$2,483
Total growth
33.1%
Investing $7,500 at 10% compounded annually for 3 years grows to $9,983. That's $2,483 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 10%)^3
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