$7,500 invested at 8% for 10 years
Future value
$16,192
Interest earned
$8,692
Total growth
115.892%
Investing $7,500 at 8% compounded annually for 10 years grows to $16,192. That's $8,692 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 8%)^10
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