$7,500 invested at 9% for 1 years
Future value
$8,175
Interest earned
$675
Total growth
9%
Investing $7,500 at 9% compounded annually for 1 years grows to $8,175. That's $675 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 9%)^1
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