$3,000 invested at 5% for 15 years
Future value
$6,237
Interest earned
$3,237
Total growth
107.893%
Investing $3,000 at 5% compounded annually for 15 years grows to $6,237. That's $3,237 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 5%)^15
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