How much money will $15,000 be worth if you let the interest grow?

After investing for 10 years at 5% interest, your $15,000 investment will have grown to $24,433

Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"

According to Snopes, the answer is probably not.

Growth of $15,000 at 5% Interest

Year | Amount |
---|---|

0 | $15,000 |

1 | $15,750 |

2 | $16,538 |

3 | $17,364 |

4 | $18,233 |

5 | $19,144 |

6 | $20,101 |

7 | $21,107 |

8 | $22,162 |

9 | $23,270 |

10 | $24,433 |

$15,000 for 10 Years by Interest Rate

Rate | Amount |
---|---|

1% | $16,569 |

2% | $18,285 |

3% | $20,159 |

4% | $22,204 |

5% | $24,433 |

6% | $26,863 |

8% | $32,384 |

10% | $38,906 |

12% | $46,588 |

15% | $60,683 |

20% | $92,876 |