$75,000 invested at 12% for 1 years
Future value
$84,000
Interest earned
$9,000
Total growth
12%
Investing $75,000 at 12% compounded annually for 1 years grows to $84,000. That's $9,000 of compound interest earned on your original $75,000.
FV = $75,000 × (1 + 12%)^1
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