$15 at 7% 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 7% interest, your initial investment of $15 will have grown to $25.77.
You will have earned $10.77 in interest.
How much will savings of $15 be worth in 8 years if invested at a 7.00% interest rate?
This calculator determines the future value of $15 invested for 8 years at a constant yield of 7.00% 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 $15 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $15.00 |
| 1 | $16.05 |
| 2 | $17.17 |
| 3 | $18.38 |
| 4 | $19.66 |
| 5 | $21.04 |
| 6 | $22.51 |
| 7 | $24.09 |
| 8 | $25.77 |
$15 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $16.24 |
| 2% | $17.57 |
| 3% | $19.00 |
| 4% | $20.53 |
| 5% | $22.16 |
| 6% | $23.91 |
| 8% | $27.76 |
| 10% | $32.15 |
| 12% | $37.14 |
| 15% | $45.89 |
| 20% | $64.50 |