$7,500 invested at 9% for 5 years
Future value
$11,540
Interest earned
$4,040
Total growth
53.8624%
Investing $7,500 at 9% compounded annually for 5 years grows to $11,540. That's $4,040 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 9%)^5
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