$12,000 at 8% Interest for 12 Years

How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 12 years at 8% interest, your initial investment of $12,000 will have grown to $30,218.
You will have earned $18,218 in interest.
How much will savings of $12,000 be worth in 12 years if invested at a 8.00% interest rate?
This calculator determines the future value of $12k invested for 12 years at a constant yield of 8.00% 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 8% Interest
Year Amount
0 $12,000
1 $12,960
2 $13,997
3 $15,117
4 $16,326
5 $17,632
6 $19,042
7 $20,566
8 $22,211
9 $23,988
10 $25,907
11 $27,980
12 $30,218
$12,000 for 12 Years by Interest Rate
Rate Amount
1% $13,522
2% $15,219
3% $17,109
4% $19,212
5% $21,550
6% $24,146
8% $30,218
10% $37,661
12% $46,752
15% $64,203
20% $106,993