$10,000 invested at 2% for 1 years
Future value
$10,200
Interest earned
$200
Total growth
2%
Investing $10,000 at 2% compounded annually for 1 years grows to $10,200. That's $200 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 2%)^1
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