$120,000 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 $120,000 will have grown to $176,319.
You will have earned $56,319 in interest.
How much will savings of $120,000 be worth in 5 years if invested at a 8.00% interest rate?
This calculator determines the future value of $120k 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 $120,000 at 8% Interest
| Year | Amount |
|---|---|
| 0 | $120,000 |
| 1 | $129,600 |
| 2 | $139,968 |
| 3 | $151,165 |
| 4 | $163,259 |
| 5 | $176,319 |
$120,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $126,121 |
| 2% | $132,490 |
| 3% | $139,113 |
| 4% | $145,998 |
| 5% | $153,154 |
| 6% | $160,587 |
| 8% | $176,319 |
| 10% | $193,261 |
| 12% | $211,481 |
| 15% | $241,363 |
| 20% | $298,598 |