$50,000 invested at 12% for 1 years
Future value
$56,000
Interest earned
$6,000
Total growth
12%
Investing $50,000 at 12% compounded annually for 1 years grows to $56,000. That's $6,000 of compound interest earned on your original $50,000.
FV = $50,000 × (1 + 12%)^1
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