$15,000 invested at 12% for 1 years
Future value
$16,800
Interest earned
$1,800
Total growth
12%
Investing $15,000 at 12% compounded annually for 1 years grows to $16,800. That's $1,800 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 12%)^1
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