$75,000 invested at 3% for 1 years
Future value
$77,250
Interest earned
$2,250
Total growth
3%
Investing $75,000 at 3% compounded annually for 1 years grows to $77,250. That's $2,250 of compound interest earned on your original $75,000.
FV = $75,000 × (1 + 3%)^1
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