$2,000 invested at 3% for 15 years
Future value
$3,116
Interest earned
$1,116
Total growth
55.7967%
Investing $2,000 at 3% compounded annually for 15 years grows to $3,116. That's $1,116 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 3%)^15
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