$7,500 invested at 7% for 15 years
Future value
$20,693
Interest earned
$13,193
Total growth
175.903%
Investing $7,500 at 7% compounded annually for 15 years grows to $20,693. That's $13,193 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 7%)^15
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