$100,000 invested at 4% for 1 years
Future value
$104,000
Interest earned
$4,000
Total growth
4%
Investing $100,000 at 4% compounded annually for 1 years grows to $104,000. That's $4,000 of compound interest earned on your original $100,000.
FV = $100,000 × (1 + 4%)^1
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