$12,000 at 1% Interest for 20 Years

How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 1% interest, your initial investment of $12,000 will have grown to $14,642.
You will have earned $2,642 in interest.
How much will savings of $12,000 be worth in 20 years if invested at a 1.00% interest rate?
This calculator determines the future value of $12k invested for 20 years at a constant yield of 1.00% 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 $12,000 at 1% Interest
Year Amount
0 $12,000
1 $12,120
2 $12,241
3 $12,364
4 $12,487
5 $12,612
6 $12,738
7 $12,866
8 $12,994
9 $13,124
10 $13,255
11 $13,388
12 $13,522
13 $13,657
14 $13,794
15 $13,932
16 $14,071
17 $14,212
18 $14,354
19 $14,497
20 $14,642
$12,000 for 20 Years by Interest Rate
Rate Amount
1% $14,642
2% $17,831
3% $21,673
4% $26,293
5% $31,840
6% $38,486
8% $55,931
10% $80,730
12% $115,756
15% $196,398
20% $460,051