$1,000 invested at 6% for 15 years
Future value
$2,397
Interest earned
$1,397
Total growth
139.656%
Investing $1,000 at 6% compounded annually for 15 years grows to $2,397. That's $1,397 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 6%)^15
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