$75,000 invested at 6% for 1 years
Future value
$79,500
Interest earned
$4,500
Total growth
6%
Investing $75,000 at 6% compounded annually for 1 years grows to $79,500. That's $4,500 of compound interest earned on your original $75,000.
FV = $75,000 × (1 + 6%)^1
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