$7,500 invested at 7% for 1 years
Future value
$8,025
Interest earned
$525
Total growth
7%
Investing $7,500 at 7% compounded annually for 1 years grows to $8,025. That's $525 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 7%)^1
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