$15,000 invested at 9% for 3 years
Future value
$19,425
Interest earned
$4,425
Total growth
29.5029%
Investing $15,000 at 9% compounded annually for 3 years grows to $19,425. That's $4,425 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 9%)^3
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