$7,500 invested at 9% for 3 years
Future value
$9,713
Interest earned
$2,213
Total growth
29.5029%
Investing $7,500 at 9% compounded annually for 3 years grows to $9,713. That's $2,213 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 9%)^3
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