$17,000 at 12% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 12% interest, your initial investment of $17,000 will have grown to $29,960.
You will have earned $12,960 in interest.
How much will savings of $17,000 be worth in 5 years if invested at a 12.00% interest rate?
This calculator determines the future value of $17k invested for 5 years at a constant yield of 12.00% 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 $17,000 at 12% Interest
| Year | Amount |
|---|---|
| 0 | $17,000 |
| 1 | $19,040 |
| 2 | $21,325 |
| 3 | $23,884 |
| 4 | $26,750 |
| 5 | $29,960 |
$17,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $17,867 |
| 2% | $18,769 |
| 3% | $19,708 |
| 4% | $20,683 |
| 5% | $21,697 |
| 6% | $22,750 |
| 8% | $24,979 |
| 10% | $27,379 |
| 12% | $29,960 |
| 15% | $34,193 |
| 20% | $42,301 |