$250,000 invested at 6% for 1 years
Future value
$265,000
Interest earned
$15,000
Total growth
6%
Investing $250,000 at 6% compounded annually for 1 years grows to $265,000. That's $15,000 of compound interest earned on your original $250,000.
FV = $250,000 × (1 + 6%)^1
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