$1,000 invested at 7% for 15 years
Future value
$2,759
Interest earned
$1,759
Total growth
175.903%
Investing $1,000 at 7% compounded annually for 15 years grows to $2,759. That's $1,759 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 7%)^15
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