$15,000 invested at 5% for 10 years
Future value
$24,433
Interest earned
$9,433
Total growth
62.8895%
Investing $15,000 at 5% compounded annually for 10 years grows to $24,433. That's $9,433 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 5%)^10
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