$2,000 invested at 5% for 1 years
Future value
$2,100
Interest earned
$100
Total growth
5%
Investing $2,000 at 5% compounded annually for 1 years grows to $2,100. That's $100 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 5%)^1
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