$100,000 invested at 9% for 1 years
Future value
$109,000
Interest earned
$9,000
Total growth
9%
Investing $100,000 at 9% compounded annually for 1 years grows to $109,000. That's $9,000 of compound interest earned on your original $100,000.
FV = $100,000 × (1 + 9%)^1
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