$7,500 invested at 5% for 1 years
Future value
$7,875
Interest earned
$375
Total growth
5%
Investing $7,500 at 5% compounded annually for 1 years grows to $7,875. That's $375 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 5%)^1
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