$100,000 invested at 8% for 1 years
Future value
$108,000
Interest earned
$8,000
Total growth
8%
Investing $100,000 at 8% compounded annually for 1 years grows to $108,000. That's $8,000 of compound interest earned on your original $100,000.
FV = $100,000 × (1 + 8%)^1
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