$20 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 $20 will have grown to $31.88.
You will have earned $11.88 in interest.
How much will savings of $20 be worth in 8 years if invested at a 6.00% interest rate?
This calculator determines the future value of $20 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 $20 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $20.00 |
| 1 | $21.20 |
| 2 | $22.47 |
| 3 | $23.82 |
| 4 | $25.25 |
| 5 | $26.76 |
| 6 | $28.37 |
| 7 | $30.07 |
| 8 | $31.88 |
$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 |