$15 at 8% Interest for 12 Years
How much money will your investment be worth if you let the interest grow?
After investing for 12 years at 8% interest, your initial investment of $15 will have grown to $37.77.
You will have earned $22.77 in interest.
How much will savings of $15 be worth in 12 years if invested at a 8.00% interest rate?
This calculator determines the future value of $15 invested for 12 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?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $15 at 8% Interest
Year |
Amount |
0 |
$15.00 |
1 |
$16.20 |
2 |
$17.50 |
3 |
$18.90 |
4 |
$20.41 |
5 |
$22.04 |
6 |
$23.80 |
7 |
$25.71 |
8 |
$27.76 |
9 |
$29.99 |
10 |
$32.38 |
11 |
$34.97 |
12 |
$37.77 |
$15 for 12 Years by Interest Rate
Rate |
Amount |
1% |
$16.90 |
2% |
$19.02 |
3% |
$21.39 |
4% |
$24.02 |
5% |
$26.94 |
6% |
$30.18 |
8% |
$37.77 |
10% |
$47.08 |
12% |
$58.44 |
15% |
$80.25 |
20% |
$133.74 |