$15,000 invested at 6% for 3 years
Future value
$17,865
Interest earned
$2,865
Total growth
19.1016%
Investing $15,000 at 6% compounded annually for 3 years grows to $17,865. That's $2,865 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 6%)^3
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