$12,000 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 $12,000 will have grown to $19,126.
You will have earned $7,126 in interest.
How much will savings of $12,000 be worth in 8 years if invested at a 6.00% interest rate?
This calculator determines the future value of $12k 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 $12,000 at 6% Interest
Year Amount
0 $12,000
1 $12,720
2 $13,483
3 $14,292
4 $15,150
5 $16,059
6 $17,022
7 $18,044
8 $19,126
$12,000 for 8 Years by Interest Rate
Rate Amount
1% $12,994
2% $14,060
3% $15,201
4% $16,423
5% $17,729
6% $19,126
8% $22,211
10% $25,723
12% $29,712
15% $36,708
20% $51,598