$1,000 invested at 3% for 15 years
Future value
$1,558
Interest earned
$558
Total growth
55.7967%
Investing $1,000 at 3% compounded annually for 15 years grows to $1,558. That's $558 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 3%)^15
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