$15,000 invested at 10% for 5 years
Future value
$24,158
Interest earned
$9,158
Total growth
61.051%
Investing $15,000 at 10% compounded annually for 5 years grows to $24,158. That's $9,158 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 10%)^5
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