$75,000 invested at 7% for 1 years
Future value
$80,250
Interest earned
$5,250
Total growth
7%
Investing $75,000 at 7% compounded annually for 1 years grows to $80,250. That's $5,250 of compound interest earned on your original $75,000.
FV = $75,000 × (1 + 7%)^1
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