$13,000 at 6% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 6% interest, your initial investment of $13,000 will have grown to $20,720.
You will have earned $7,720 in interest.
How much will savings of $13,000 be worth in 8 years if invested at a 6.00% interest rate?
This calculator determines the future value of $13k invested for 8 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 |
| 6 | $18,441 |
| 7 | $19,547 |
| 8 | $20,720 |
$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 |