$16,000 at 9% 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 9% interest, your initial investment of $16,000 will have grown to $58,280.
You will have earned $42,280 in interest.
How much will savings of $16,000 be worth in 15 years if invested at a 9.00% interest rate?
This calculator determines the future value of $16k invested for 15 years at a constant yield of 9.00% 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 9% Interest
| Year | Amount |
|---|---|
| 0 | $16,000 |
| 1 | $17,440 |
| 2 | $19,010 |
| 3 | $20,720 |
| 4 | $22,585 |
| 5 | $24,618 |
| 6 | $26,834 |
| 7 | $29,249 |
| 8 | $31,881 |
| 9 | $34,750 |
| 10 | $37,878 |
| 11 | $41,287 |
| 12 | $45,003 |
| 13 | $49,053 |
| 14 | $53,468 |
| 15 | $58,280 |
$16,000 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $18,576 |
| 2% | $21,534 |
| 3% | $24,927 |
| 4% | $28,815 |
| 5% | $33,263 |
| 6% | $38,345 |
| 8% | $50,755 |
| 10% | $66,836 |
| 12% | $87,577 |
| 15% | $130,193 |
| 20% | $246,512 |