$100,000 invested at 6% for 1 years
Future value
$106,000
Interest earned
$6,000
Total growth
6%
Investing $100,000 at 6% compounded annually for 1 years grows to $106,000. That's $6,000 of compound interest earned on your original $100,000.
FV = $100,000 × (1 + 6%)^1
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