$7,500 invested at 3% for 3 years
Future value
$8,195
Interest earned
$695
Total growth
9.2727%
Investing $7,500 at 3% compounded annually for 3 years grows to $8,195. That's $695 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 3%)^3
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