$15,000 invested at 7% for 20 years
Future value
$58,045
Interest earned
$43,045
Total growth
286.968%
Investing $15,000 at 7% compounded annually for 20 years grows to $58,045. That's $43,045 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 7%)^20
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