$15,000 at 3% 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 3% interest, your initial investment of $15,000 will have grown to $17,389.
You will have earned $2,389 in interest.
How much will savings of $15,000 be worth in 5 years if invested at a 3.00% interest rate?
This calculator determines the future value of $15k invested for 5 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 $15,000 at 3% Interest
| Year | Amount |
|---|---|
| 0 | $15,000 |
| 1 | $15,450 |
| 2 | $15,914 |
| 3 | $16,391 |
| 4 | $16,883 |
| 5 | $17,389 |
$15,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $15,765 |
| 2% | $16,561 |
| 3% | $17,389 |
| 4% | $18,250 |
| 5% | $19,144 |
| 6% | $20,073 |
| 8% | $22,040 |
| 10% | $24,158 |
| 12% | $26,435 |
| 15% | $30,170 |
| 20% | $37,325 |