$1,000 invested at 9% for 1 years
Future value
$1,090
Interest earned
$90
Total growth
9%
Investing $1,000 at 9% compounded annually for 1 years grows to $1,090. That's $90 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 9%)^1
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