$15,000 invested at 3% for 5 years
Future value
$17,389
Interest earned
$2,389
Total growth
15.9274%
Investing $15,000 at 3% compounded annually for 5 years grows to $17,389. That's $2,389 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 3%)^5
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