$1,500 at 7% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 7% interest, your initial investment of $1,500 will have grown to $5,805.
You will have earned $4,305 in interest.
How much will savings of $1,500 be worth in 20 years if invested at a 7.00% interest rate?
This calculator determines the future value of $1.5k invested for 20 years at a constant yield of 7.00% 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 7% Interest
| Year | Amount |
|---|---|
| 0 | $1,500 |
| 1 | $1,605 |
| 2 | $1,717 |
| 3 | $1,838 |
| 4 | $1,966 |
| 5 | $2,104 |
| 6 | $2,251 |
| 7 | $2,409 |
| 8 | $2,577 |
| 9 | $2,758 |
| 10 | $2,951 |
| 11 | $3,157 |
| 12 | $3,378 |
| 13 | $3,615 |
| 14 | $3,868 |
| 15 | $4,139 |
| 16 | $4,428 |
| 17 | $4,738 |
| 18 | $5,070 |
| 19 | $5,425 |
| 20 | $5,805 |
$1,500 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,830 |
| 2% | $2,229 |
| 3% | $2,709 |
| 4% | $3,287 |
| 5% | $3,980 |
| 6% | $4,811 |
| 8% | $6,991 |
| 10% | $10,091 |
| 12% | $14,469 |
| 15% | $24,550 |
| 20% | $57,506 |