$1,000 invested at 5% for 15 years
Future value
$2,079
Interest earned
$1,079
Total growth
107.893%
Investing $1,000 at 5% compounded annually for 15 years grows to $2,079. That's $1,079 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 5%)^15
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