$7,500 invested at 8% for 3 years
Future value
$9,448
Interest earned
$1,948
Total growth
25.9712%
Investing $7,500 at 8% compounded annually for 3 years grows to $9,448. That's $1,948 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 8%)^3
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