$100,000 invested at 7% for 1 years
Future value
$107,000
Interest earned
$7,000
Total growth
7%
Investing $100,000 at 7% compounded annually for 1 years grows to $107,000. That's $7,000 of compound interest earned on your original $100,000.
FV = $100,000 × (1 + 7%)^1
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