$10,000 invested at 4% for 1 years
Future value
$10,400
Interest earned
$400
Total growth
4%
Investing $10,000 at 4% compounded annually for 1 years grows to $10,400. That's $400 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 4%)^1
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