$15,000 at 8% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 8% interest, your initial investment of $15,000 will have grown to $47,583.
You will have earned $32,583 in interest.
How much will savings of $15,000 be worth in 15 years if invested at a 8.00% interest rate?
This calculator determines the future value of $15k invested for 15 years at a constant yield of 8.00% 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 8% Interest
| Year | Amount |
|---|---|
| 0 | $15,000 |
| 1 | $16,200 |
| 2 | $17,496 |
| 3 | $18,896 |
| 4 | $20,407 |
| 5 | $22,040 |
| 6 | $23,803 |
| 7 | $25,707 |
| 8 | $27,764 |
| 9 | $29,985 |
| 10 | $32,384 |
| 11 | $34,975 |
| 12 | $37,773 |
| 13 | $40,794 |
| 14 | $44,058 |
| 15 | $47,583 |
$15,000 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $17,415 |
| 2% | $20,188 |
| 3% | $23,370 |
| 4% | $27,014 |
| 5% | $31,184 |
| 6% | $35,948 |
| 8% | $47,583 |
| 10% | $62,659 |
| 12% | $82,103 |
| 15% | $122,056 |
| 20% | $231,105 |