$1 at 7% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 10 years at 7% interest, your initial investment of $1 will have grown to $1.97.
You will have earned $0.97 in interest.
How much will savings of $1 be worth in 10 years if invested at a 7.00% interest rate?
This calculator determines the future value of $1 invested for 10 years at a constant yield of 7.00% compounded annually.
Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"
According to Snopes, the answer is probably not.
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $1 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $1.00 |
| 1 | $1.07 |
| 2 | $1.14 |
| 3 | $1.23 |
| 4 | $1.31 |
| 5 | $1.40 |
| 6 | $1.50 |
| 7 | $1.61 |
| 8 | $1.72 |
| 9 | $1.84 |
| 10 | $1.97 |
$1 for 10 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1.10 |
| 2% | $1.22 |
| 3% | $1.34 |
| 4% | $1.48 |
| 5% | $1.63 |
| 6% | $1.79 |
| 8% | $2.16 |
| 10% | $2.59 |
| 12% | $3.11 |
| 15% | $4.05 |
| 20% | $6.19 |