$15,000 invested at 6% for 5 years
Future value
$20,073
Interest earned
$5,073
Total growth
33.8226%
Investing $15,000 at 6% compounded annually for 5 years grows to $20,073. That's $5,073 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 6%)^5
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space