$15,000 at 6% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 6% interest, your initial investment of $15,000 will have grown to $23,908.
You will have earned $8,908 in interest.
How much will savings of $15,000 be worth in 8 years if invested at a 6.00% interest rate?
This calculator determines the future value of $15k invested for 8 years at a constant yield of 6.00% 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 6% Interest
| Year | Amount |
|---|---|
| 0 | $15,000 |
| 1 | $15,900 |
| 2 | $16,854 |
| 3 | $17,865 |
| 4 | $18,937 |
| 5 | $20,073 |
| 6 | $21,278 |
| 7 | $22,554 |
| 8 | $23,908 |
$15,000 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $16,243 |
| 2% | $17,575 |
| 3% | $19,002 |
| 4% | $20,529 |
| 5% | $22,162 |
| 6% | $23,908 |
| 8% | $27,764 |
| 10% | $32,154 |
| 12% | $37,139 |
| 15% | $45,885 |
| 20% | $64,497 |