$2 at 8% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 8% interest, your initial investment of $2 will have grown to $9.32.
You will have earned $7.32 in interest.
How much will savings of $2 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $2 invested for 20 years at a constant yield of 8.00% 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 8% Interest
| Year | Amount |
|---|---|
| 0 | $2.00 |
| 1 | $2.16 |
| 2 | $2.33 |
| 3 | $2.52 |
| 4 | $2.72 |
| 5 | $2.94 |
| 6 | $3.17 |
| 7 | $3.43 |
| 8 | $3.70 |
| 9 | $4.00 |
| 10 | $4.32 |
| 11 | $4.66 |
| 12 | $5.04 |
| 13 | $5.44 |
| 14 | $5.87 |
| 15 | $6.34 |
| 16 | $6.85 |
| 17 | $7.40 |
| 18 | $7.99 |
| 19 | $8.63 |
| 20 | $9.32 |
$2 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $2.44 |
| 2% | $2.97 |
| 3% | $3.61 |
| 4% | $4.38 |
| 5% | $5.31 |
| 6% | $6.41 |
| 8% | $9.32 |
| 10% | $13.45 |
| 12% | $19.29 |
| 15% | $32.73 |
| 20% | $76.68 |