$1,000 at 2% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
After investing for 10 years at 2% interest, your initial investment of $1,000 will have grown to $1,219.
You will have earned $219 in interest.
How much will savings of $1,000 be worth in 10 years if invested at a 2.00% interest rate?
This calculator determines the future value of $1k invested for 10 years at a constant yield of 2.00% 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 2% Interest
Year |
Amount |
0 |
$1,000 |
1 |
$1,020 |
2 |
$1,040 |
3 |
$1,061 |
4 |
$1,082 |
5 |
$1,104 |
6 |
$1,126 |
7 |
$1,149 |
8 |
$1,172 |
9 |
$1,195 |
10 |
$1,219 |
$1,000 for 10 Years by Interest Rate
Rate |
Amount |
1% |
$1,105 |
2% |
$1,219 |
3% |
$1,344 |
4% |
$1,480 |
5% |
$1,629 |
6% |
$1,791 |
8% |
$2,159 |
10% |
$2,594 |
12% |
$3,106 |
15% |
$4,046 |
20% |
$6,192 |