$15,000 invested at 4% for 10 years
Future value
$22,204
Interest earned
$7,204
Total growth
48.0244%
Investing $15,000 at 4% compounded annually for 10 years grows to $22,204. That's $7,204 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 4%)^10
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