$3,000 invested at 7% for 15 years
Future value
$8,277
Interest earned
$5,277
Total growth
175.903%
Investing $3,000 at 7% compounded annually for 15 years grows to $8,277. That's $5,277 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 7%)^15
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