$50,000 invested at 9% for 1 years
Future value
$54,500
Interest earned
$4,500
Total growth
9%
Investing $50,000 at 9% compounded annually for 1 years grows to $54,500. That's $4,500 of compound interest earned on your original $50,000.
FV = $50,000 × (1 + 9%)^1
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