$7,500 invested at 4% for 1 years
Future value
$7,800
Interest earned
$300
Total growth
4%
Investing $7,500 at 4% compounded annually for 1 years grows to $7,800. That's $300 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 4%)^1
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