$15,000 at 7% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
After investing for 5 years at 7% interest, your initial investment of $15,000 will have grown to $21,038.
You will have earned $6,038 in interest.
How much will savings of $15,000 be worth in 5 years if invested at a 7.00% interest rate?
This calculator determines the future value of $15k invested for 5 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 |
$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 |