$12,000 at 2% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
After investing for 5 years at 2% interest, your initial investment of $12,000 will have grown to $13,249.
You will have earned $1,249 in interest.
How much will savings of $12,000 be worth in 5 years if invested at a 2.00% interest rate?
This calculator determines the future value of $12k invested for 5 years at a constant yield of 2.00% 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 $12,000 at 2% Interest
Year |
Amount |
0 |
$12,000 |
1 |
$12,240 |
2 |
$12,485 |
3 |
$12,734 |
4 |
$12,989 |
5 |
$13,249 |
$12,000 for 5 Years by Interest Rate
Rate |
Amount |
1% |
$12,612 |
2% |
$13,249 |
3% |
$13,911 |
4% |
$14,600 |
5% |
$15,315 |
6% |
$16,059 |
8% |
$17,632 |
10% |
$19,326 |
12% |
$21,148 |
15% |
$24,136 |
20% |
$29,860 |