$7,500 invested at 4% for 3 years
Future value
$8,436
Interest earned
$936
Total growth
12.4864%
Investing $7,500 at 4% compounded annually for 3 years grows to $8,436. That's $936 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 4%)^3
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