$12,000 at 8% Interest for 5 Years

How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 8% interest, your initial investment of $12,000 will have grown to $17,632.
You will have earned $5,632 in interest.
How much will savings of $12,000 be worth in 5 years if invested at a 8.00% interest rate?
This calculator determines the future value of $12k invested for 5 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
$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