$1,500 at 3% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 3% interest, your initial investment of $1,500 will have grown to $2,337.
You will have earned $837 in interest.
How much will savings of $1,500 be worth in 15 years if invested at a 3.00% interest rate?
This calculator determines the future value of $1.5k invested for 15 years at a constant yield of 3.00% 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 3% Interest
| Year | Amount |
|---|---|
| 0 | $1,500 |
| 1 | $1,545 |
| 2 | $1,591 |
| 3 | $1,639 |
| 4 | $1,688 |
| 5 | $1,739 |
| 6 | $1,791 |
| 7 | $1,845 |
| 8 | $1,900 |
| 9 | $1,957 |
| 10 | $2,016 |
| 11 | $2,076 |
| 12 | $2,139 |
| 13 | $2,203 |
| 14 | $2,269 |
| 15 | $2,337 |
$1,500 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,741 |
| 2% | $2,019 |
| 3% | $2,337 |
| 4% | $2,701 |
| 5% | $3,118 |
| 6% | $3,595 |
| 8% | $4,758 |
| 10% | $6,266 |
| 12% | $8,210 |
| 15% | $12,206 |
| 20% | $23,111 |