$15,000 at 7% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
After investing for 10 years at 7% interest, your initial investment of $15,000 will have grown to $29,507.
You will have earned $14,507 in interest.
How much will savings of $15,000 be worth in 10 years if invested at a 7.00% interest rate?
This calculator determines the future value of $15k invested for 10 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?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $15,000 at 7% Interest
Year |
Amount |
0 |
$15,000 |
1 |
$16,050 |
2 |
$17,174 |
3 |
$18,376 |
4 |
$19,662 |
5 |
$21,038 |
6 |
$22,511 |
7 |
$24,087 |
8 |
$25,773 |
9 |
$27,577 |
10 |
$29,507 |
$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 |