$15,000 invested at 12% for 3 years
Future value
$21,074
Interest earned
$6,074
Total growth
40.4928%
Investing $15,000 at 12% compounded annually for 3 years grows to $21,074. That's $6,074 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 12%)^3
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