$50,000 invested at 10% for 1 years
Future value
$55,000
Interest earned
$5,000
Total growth
10%
Investing $50,000 at 10% compounded annually for 1 years grows to $55,000. That's $5,000 of compound interest earned on your original $50,000.
FV = $50,000 × (1 + 10%)^1
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