$15,000 invested at 2% for 10 years
Future value
$18,285
Interest earned
$3,285
Total growth
21.8994%
Investing $15,000 at 2% compounded annually for 10 years grows to $18,285. That's $3,285 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 2%)^10
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