$1,000 invested at 8% for 15 years
Future value
$3,172
Interest earned
$2,172
Total growth
217.217%
Investing $1,000 at 8% compounded annually for 15 years grows to $3,172. That's $2,172 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 8%)^15
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