$15,000 invested at 9% for 10 years
Future value
$35,510
Interest earned
$20,510
Total growth
136.736%
Investing $15,000 at 9% compounded annually for 10 years grows to $35,510. That's $20,510 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 9%)^10
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