$1 at 8% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 8% interest, your initial investment of $1 will have grown to $4.66.
You will have earned $3.66 in interest.
How much will savings of $1 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1 invested for 20 years at a constant yield of 8.00% compounded annually.
Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $1 at 8% Interest
Year |
Amount |
0 |
$1.00 |
1 |
$1.08 |
2 |
$1.17 |
3 |
$1.26 |
4 |
$1.36 |
5 |
$1.47 |
6 |
$1.59 |
7 |
$1.71 |
8 |
$1.85 |
9 |
$2.00 |
10 |
$2.16 |
11 |
$2.33 |
12 |
$2.52 |
13 |
$2.72 |
14 |
$2.94 |
15 |
$3.17 |
16 |
$3.43 |
17 |
$3.70 |
18 |
$4.00 |
19 |
$4.32 |
20 |
$4.66 |
$1 for 20 Years by Interest Rate
Rate |
Amount |
1% |
$1.22 |
2% |
$1.49 |
3% |
$1.81 |
4% |
$2.19 |
5% |
$2.65 |
6% |
$3.21 |
8% |
$4.66 |
10% |
$6.73 |
12% |
$9.65 |
15% |
$16.37 |
20% |
$38.34 |