$2,000 invested at 7% for 1 years
Future value
$2,140
Interest earned
$140
Total growth
7%
Investing $2,000 at 7% compounded annually for 1 years grows to $2,140. That's $140 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 7%)^1
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