$7,500 invested at 7% for 10 years
Future value
$14,754
Interest earned
$7,254
Total growth
96.7151%
Investing $7,500 at 7% compounded annually for 10 years grows to $14,754. That's $7,254 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 7%)^10
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