$7,500 invested at 7% for 5 years
Future value
$10,519
Interest earned
$3,019
Total growth
40.2552%
Investing $7,500 at 7% compounded annually for 5 years grows to $10,519. That's $3,019 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 7%)^5
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