$7,500 invested at 2% for 10 years
Future value
$9,142
Interest earned
$1,642
Total growth
21.8994%
Investing $7,500 at 2% compounded annually for 10 years grows to $9,142. That's $1,642 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 2%)^10
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