$75,000 invested at 2% for 1 years
Future value
$76,500
Interest earned
$1,500
Total growth
2%
Investing $75,000 at 2% compounded annually for 1 years grows to $76,500. That's $1,500 of compound interest earned on your original $75,000.
FV = $75,000 × (1 + 2%)^1
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