$20,000 invested at 6% for 15 years
Future value
$47,931
Interest earned
$27,931
Total growth
139.656%
Investing $20,000 at 6% compounded annually for 15 years grows to $47,931. That's $27,931 of compound interest earned on your original $20,000.
FV = $20,000 × (1 + 6%)^15
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