$13,000 at 6% 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 6% interest, your initial investment of $13,000 will have grown to $17,397.
You will have earned $4,397 in interest.
How much will savings of $13,000 be worth in 5 years if invested at a 6.00% interest rate?
This calculator determines the future value of $13k invested for 5 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 $13,000 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $13,000 |
| 1 | $13,780 |
| 2 | $14,607 |
| 3 | $15,483 |
| 4 | $16,412 |
| 5 | $17,397 |
$13,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $13,663 |
| 2% | $14,353 |
| 3% | $15,071 |
| 4% | $15,816 |
| 5% | $16,592 |
| 6% | $17,397 |
| 8% | $19,101 |
| 10% | $20,937 |
| 12% | $22,910 |
| 15% | $26,148 |
| 20% | $32,348 |