$10,000 at 7% 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 7% interest, your initial investment of $10,000 will have grown to $17,182.
You will have earned $7,182 in interest.
How much will savings of $10,000 be worth in 8 years if invested at a 7.00% interest rate?
This calculator determines the future value of $10k invested for 8 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 $10,000 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $10,000 |
| 1 | $10,700 |
| 2 | $11,449 |
| 3 | $12,250 |
| 4 | $13,108 |
| 5 | $14,026 |
| 6 | $15,007 |
| 7 | $16,058 |
| 8 | $17,182 |
$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 |