$5,000 invested at 6% for 1 years
Future value
$5,300
Interest earned
$300
Total growth
6%
Investing $5,000 at 6% compounded annually for 1 years grows to $5,300. That's $300 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 6%)^1
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