$15,000 invested at 7% for 15 years
Future value
$41,385
Interest earned
$26,385
Total growth
175.903%
Investing $15,000 at 7% compounded annually for 15 years grows to $41,385. That's $26,385 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 7%)^15
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