$7,500 invested at 8% for 1 years
Future value
$8,100
Interest earned
$600
Total growth
8%
Investing $7,500 at 8% compounded annually for 1 years grows to $8,100. That's $600 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 8%)^1
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