$1,000 at 8% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
After investing for 15 years at 8% interest, your initial investment of $1,000 will have grown to $3,172.
You will have earned $2,172 in interest.
How much will savings of $1,000 be worth in 15 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1k invested for 15 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 $1,000 at 8% Interest
Year |
Amount |
0 |
$1,000 |
1 |
$1,080 |
2 |
$1,166 |
3 |
$1,260 |
4 |
$1,360 |
5 |
$1,469 |
6 |
$1,587 |
7 |
$1,714 |
8 |
$1,851 |
9 |
$1,999 |
10 |
$2,159 |
11 |
$2,332 |
12 |
$2,518 |
13 |
$2,720 |
14 |
$2,937 |
15 |
$3,172 |
$1,000 for 15 Years by Interest Rate
Rate |
Amount |
1% |
$1,161 |
2% |
$1,346 |
3% |
$1,558 |
4% |
$1,801 |
5% |
$2,079 |
6% |
$2,397 |
8% |
$3,172 |
10% |
$4,177 |
12% |
$5,474 |
15% |
$8,137 |
20% |
$15,407 |