$5,000 invested at 8% for 1 years
Future value
$5,400
Interest earned
$400
Total growth
8%
Investing $5,000 at 8% compounded annually for 1 years grows to $5,400. That's $400 of compound interest earned on your original $5,000.
FV = $5,000 × (1 + 8%)^1
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