$2 at 6% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 6% interest, your initial investment of $2 will have grown to $3.19.
You will have earned $1.19 in interest.
How much will savings of $2 be worth in 8 years if invested at a 6.00% interest rate?
This calculator determines the future value of $2 invested for 8 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 $2 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $2.00 |
| 1 | $2.12 |
| 2 | $2.25 |
| 3 | $2.38 |
| 4 | $2.52 |
| 5 | $2.68 |
| 6 | $2.84 |
| 7 | $3.01 |
| 8 | $3.19 |
$2 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $2.17 |
| 2% | $2.34 |
| 3% | $2.53 |
| 4% | $2.74 |
| 5% | $2.95 |
| 6% | $3.19 |
| 8% | $3.70 |
| 10% | $4.29 |
| 12% | $4.95 |
| 15% | $6.12 |
| 20% | $8.60 |