$1,000 at 7% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
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?"
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 |