$10,000 invested at 8% for 15 years
Future value
$31,722
Interest earned
$21,722
Total growth
217.217%
Investing $10,000 at 8% compounded annually for 15 years grows to $31,722. That's $21,722 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 8%)^15
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