$20 at 3% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 3% interest, your initial investment of $20 will have grown to $25.34.
You will have earned $5.34 in interest.
How much will savings of $20 be worth in 8 years if invested at a 3.00% interest rate?
This calculator determines the future value of $20 invested for 8 years at a constant yield of 3.00% 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 $20 at 3% Interest
Year |
Amount |
0 |
$20.00 |
1 |
$20.60 |
2 |
$21.22 |
3 |
$21.85 |
4 |
$22.51 |
5 |
$23.19 |
6 |
$23.88 |
7 |
$24.60 |
8 |
$25.34 |
$20 for 8 Years by Interest Rate
Rate |
Amount |
1% |
$21.66 |
2% |
$23.43 |
3% |
$25.34 |
4% |
$27.37 |
5% |
$29.55 |
6% |
$31.88 |
8% |
$37.02 |
10% |
$42.87 |
12% |
$49.52 |
15% |
$61.18 |
20% |
$86.00 |