$1,000 at 8% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 8% interest, your initial investment of $1,000 will have grown to $1,469.
You will have earned $469 in interest.
How much will savings of $1,000 be worth in 5 years if invested at a 8.00% interest rate?
This calculator determines the future value of $1k invested for 5 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?"
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 8% Interest
| Year | Amount |
|---|---|
| 0 | $1,000 |
| 1 | $1,080 |
| 2 | $1,166 |
| 3 | $1,260 |
| 4 | $1,360 |
| 5 | $1,469 |
$1,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,051 |
| 2% | $1,104 |
| 3% | $1,159 |
| 4% | $1,217 |
| 5% | $1,276 |
| 6% | $1,338 |
| 8% | $1,469 |
| 10% | $1,611 |
| 12% | $1,762 |
| 15% | $2,011 |
| 20% | $2,488 |