$1,500 at 5% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
After investing for 3 years at 5% interest, your initial investment of $1,500 will have grown to $1,736.
You will have earned $236 in interest.
How much will savings of $1,500 be worth in 3 years if invested at a 5.00% interest rate?
This calculator determines the future value of $1.5k invested for 3 years at a constant yield of 5.00% 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 5% Interest
Year |
Amount |
0 |
$1,500 |
1 |
$1,575 |
2 |
$1,654 |
3 |
$1,736 |
$1,500 for 3 Years by Interest Rate
Rate |
Amount |
1% |
$1,545 |
2% |
$1,592 |
3% |
$1,639 |
4% |
$1,687 |
5% |
$1,736 |
6% |
$1,787 |
8% |
$1,890 |
10% |
$1,997 |
12% |
$2,107 |
15% |
$2,281 |
20% |
$2,592 |