$100,000 invested at 5% for 1 years
Future value
$105,000
Interest earned
$5,000
Total growth
5%
Investing $100,000 at 5% compounded annually for 1 years grows to $105,000. That's $5,000 of compound interest earned on your original $100,000.
FV = $100,000 × (1 + 5%)^1
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