$16,000 at 6% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 3 years at 6% interest, your initial investment of $16,000 will have grown to $19,056.
You will have earned $3,056 in interest.
How much will savings of $16,000 be worth in 3 years if invested at a 6.00% interest rate?
This calculator determines the future value of $16k invested for 3 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 $16,000 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $16,000 |
| 1 | $16,960 |
| 2 | $17,978 |
| 3 | $19,056 |
$16,000 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $16,485 |
| 2% | $16,979 |
| 3% | $17,484 |
| 4% | $17,998 |
| 5% | $18,522 |
| 6% | $19,056 |
| 8% | $20,155 |
| 10% | $21,296 |
| 12% | $22,479 |
| 15% | $24,334 |
| 20% | $27,648 |