$7,500 invested at 12% for 3 years
Future value
$10,537
Interest earned
$3,037
Total growth
40.4928%
Investing $7,500 at 12% compounded annually for 3 years grows to $10,537. That's $3,037 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 12%)^3
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