$7,500 invested at 2% for 1 years
Future value
$7,650
Interest earned
$150
Total growth
2%
Investing $7,500 at 2% compounded annually for 1 years grows to $7,650. That's $150 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 2%)^1
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