$13,000 at 1% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 1% interest, your initial investment of $13,000 will have grown to $14,077.
You will have earned $1,077 in interest.
How much will savings of $13,000 be worth in 8 years if invested at a 1.00% interest rate?
This calculator determines the future value of $13k invested for 8 years at a constant yield of 1.00% 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 $13,000 at 1% Interest
Year |
Amount |
0 |
$13,000 |
1 |
$13,130 |
2 |
$13,261 |
3 |
$13,394 |
4 |
$13,528 |
5 |
$13,663 |
6 |
$13,800 |
7 |
$13,938 |
8 |
$14,077 |
$13,000 for 8 Years by Interest Rate
Rate |
Amount |
1% |
$14,077 |
2% |
$15,232 |
3% |
$16,468 |
4% |
$17,791 |
5% |
$19,207 |
6% |
$20,720 |
8% |
$24,062 |
10% |
$27,867 |
12% |
$32,188 |
15% |
$39,767 |
20% |
$55,898 |