$2 at 7% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
After investing for 15 years at 7% interest, your initial investment of $2 will have grown to $5.52.
You will have earned $3.52 in interest.
How much will savings of $2 be worth in 15 years if invested at a 7.00% interest rate?
This calculator determines the future value of $2 invested for 15 years at a constant yield of 7.00% compounded annually.
Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $2 at 7% Interest
Year |
Amount |
0 |
$2.00 |
1 |
$2.14 |
2 |
$2.29 |
3 |
$2.45 |
4 |
$2.62 |
5 |
$2.81 |
6 |
$3.00 |
7 |
$3.21 |
8 |
$3.44 |
9 |
$3.68 |
10 |
$3.93 |
11 |
$4.21 |
12 |
$4.50 |
13 |
$4.82 |
14 |
$5.16 |
15 |
$5.52 |
$2 for 15 Years by Interest Rate
Rate |
Amount |
1% |
$2.32 |
2% |
$2.69 |
3% |
$3.12 |
4% |
$3.60 |
5% |
$4.16 |
6% |
$4.79 |
8% |
$6.34 |
10% |
$8.35 |
12% |
$10.95 |
15% |
$16.27 |
20% |
$30.81 |