$15,000 invested at 3% for 10 years
Future value
$20,159
Interest earned
$5,159
Total growth
34.3916%
Investing $15,000 at 3% compounded annually for 10 years grows to $20,159. That's $5,159 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 3%)^10
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