$1,000 at 1% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 1% interest, your initial investment of $1,000 will have grown to $1,083.
You will have earned $83 in interest.
How much will savings of $1,000 be worth in 8 years if invested at a 1.00% interest rate?
This calculator determines the future value of $1k invested for 8 years at a constant yield of 1.00% 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 $1,000 at 1% Interest
Year |
Amount |
0 |
$1,000 |
1 |
$1,010 |
2 |
$1,020 |
3 |
$1,030 |
4 |
$1,041 |
5 |
$1,051 |
6 |
$1,062 |
7 |
$1,072 |
8 |
$1,083 |
$1,000 for 8 Years by Interest Rate
Rate |
Amount |
1% |
$1,083 |
2% |
$1,172 |
3% |
$1,267 |
4% |
$1,369 |
5% |
$1,477 |
6% |
$1,594 |
8% |
$1,851 |
10% |
$2,144 |
12% |
$2,476 |
15% |
$3,059 |
20% |
$4,300 |