$250,000 invested at 12% for 1 years
Future value
$280,000
Interest earned
$30,000
Total growth
12%
Investing $250,000 at 12% compounded annually for 1 years grows to $280,000. That's $30,000 of compound interest earned on your original $250,000.
FV = $250,000 × (1 + 12%)^1
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