$1,500 at 12% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 12% interest, your initial investment of $1,500 will have grown to $3,714.
You will have earned $2,214 in interest.
How much will savings of $1,500 be worth in 8 years if invested at a 12.00% interest rate?
This calculator determines the future value of $1.5k invested for 8 years at a constant yield of 12.00% 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 $1,500 at 12% Interest
Year |
Amount |
0 |
$1,500 |
1 |
$1,680 |
2 |
$1,882 |
3 |
$2,107 |
4 |
$2,360 |
5 |
$2,644 |
6 |
$2,961 |
7 |
$3,316 |
8 |
$3,714 |
$1,500 for 8 Years by Interest Rate
Rate |
Amount |
1% |
$1,624 |
2% |
$1,757 |
3% |
$1,900 |
4% |
$2,053 |
5% |
$2,216 |
6% |
$2,391 |
8% |
$2,776 |
10% |
$3,215 |
12% |
$3,714 |
15% |
$4,589 |
20% |
$6,450 |