$7,500 invested at 5% for 3 years
Future value
$8,682
Interest earned
$1,182
Total growth
15.7625%
Investing $7,500 at 5% compounded annually for 3 years grows to $8,682. That's $1,182 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 5%)^3
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