$20,000 invested at 9% for 15 years
Future value
$72,850
Interest earned
$52,850
Total growth
264.248%
Investing $20,000 at 9% compounded annually for 15 years grows to $72,850. That's $52,850 of compound interest earned on your original $20,000.
FV = $20,000 × (1 + 9%)^15
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