$7,500 invested at 12% for 1 years
Future value
$8,400
Interest earned
$900
Total growth
12%
Investing $7,500 at 12% compounded annually for 1 years grows to $8,400. That's $900 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 12%)^1
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