$15,000 invested at 5% for 3 years
Future value
$17,364
Interest earned
$2,364
Total growth
15.7625%
Investing $15,000 at 5% compounded annually for 3 years grows to $17,364. That's $2,364 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 5%)^3
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