$1,500 at 2% 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 2% interest, your initial investment of $1,500 will have grown to $1,656.
You will have earned $156 in interest.
How much will savings of $1,500 be worth in 5 years if invested at a 2.00% interest rate?
This calculator determines the future value of $1.5k invested for 5 years at a constant yield of 2.00% 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 $1,500 at 2% Interest
| Year | Amount |
|---|---|
| 0 | $1,500 |
| 1 | $1,530 |
| 2 | $1,561 |
| 3 | $1,592 |
| 4 | $1,624 |
| 5 | $1,656 |
$1,500 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,577 |
| 2% | $1,656 |
| 3% | $1,739 |
| 4% | $1,825 |
| 5% | $1,914 |
| 6% | $2,007 |
| 8% | $2,204 |
| 10% | $2,416 |
| 12% | $2,644 |
| 15% | $3,017 |
| 20% | $3,732 |