$10,000 invested at 5% for 1 years
Future value
$10,500
Interest earned
$500
Total growth
5%
Investing $10,000 at 5% compounded annually for 1 years grows to $10,500. That's $500 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 5%)^1
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