$7,500 invested at 4% for 15 years
Future value
$13,507
Interest earned
$6,007
Total growth
80.0944%
Investing $7,500 at 4% compounded annually for 15 years grows to $13,507. That's $6,007 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 4%)^15
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