$1,000 at 7% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 3 years at 7% interest, your initial investment of $1,000 will have grown to $1,225.
You will have earned $225 in interest.
How much will savings of $1,000 be worth in 3 years if invested at a 7.00% interest rate?
This calculator determines the future value of $1k invested for 3 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 $1,000 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $1,000 |
| 1 | $1,070 |
| 2 | $1,145 |
| 3 | $1,225 |
$1,000 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,030 |
| 2% | $1,061 |
| 3% | $1,093 |
| 4% | $1,125 |
| 5% | $1,158 |
| 6% | $1,191 |
| 8% | $1,260 |
| 10% | $1,331 |
| 12% | $1,405 |
| 15% | $1,521 |
| 20% | $1,728 |