$10,000 invested at 9% for 1 years
Future value
$10,900
Interest earned
$900
Total growth
9%
Investing $10,000 at 9% compounded annually for 1 years grows to $10,900. That's $900 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 9%)^1
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