$15,000 invested at 12% for 10 years
Future value
$46,588
Interest earned
$31,588
Total growth
210.585%
Investing $15,000 at 12% compounded annually for 10 years grows to $46,588. That's $31,588 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 12%)^10
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