$10,000 at 6% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 6% interest, your initial investment of $10,000 will have grown to $15,938.
You will have earned $5,938 in interest.
How much will savings of $10,000 be worth in 8 years if invested at a 6.00% interest rate?
This calculator determines the future value of $10k invested for 8 years at a constant yield of 6.00% 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 $10,000 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $10,000 |
| 1 | $10,600 |
| 2 | $11,236 |
| 3 | $11,910 |
| 4 | $12,625 |
| 5 | $13,382 |
| 6 | $14,185 |
| 7 | $15,036 |
| 8 | $15,938 |
$10,000 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $10,829 |
| 2% | $11,717 |
| 3% | $12,668 |
| 4% | $13,686 |
| 5% | $14,775 |
| 6% | $15,938 |
| 8% | $18,509 |
| 10% | $21,436 |
| 12% | $24,760 |
| 15% | $30,590 |
| 20% | $42,998 |