$15,000 invested at 4% for 5 years
Future value
$18,250
Interest earned
$3,250
Total growth
21.6653%
Investing $15,000 at 4% compounded annually for 5 years grows to $18,250. That's $3,250 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 4%)^5
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