$20 at 7% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
After investing for 10 years at 7% interest, your initial investment of $20 will have grown to $39.34.
You will have earned $19.34 in interest.
How much will savings of $20 be worth in 10 years if invested at a 7.00% interest rate?
This calculator determines the future value of $20 invested for 10 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 $20 at 7% Interest
Year |
Amount |
0 |
$20.00 |
1 |
$21.40 |
2 |
$22.90 |
3 |
$24.50 |
4 |
$26.22 |
5 |
$28.05 |
6 |
$30.01 |
7 |
$32.12 |
8 |
$34.36 |
9 |
$36.77 |
10 |
$39.34 |
$20 for 10 Years by Interest Rate
Rate |
Amount |
1% |
$22.09 |
2% |
$24.38 |
3% |
$26.88 |
4% |
$29.60 |
5% |
$32.58 |
6% |
$35.82 |
8% |
$43.18 |
10% |
$51.87 |
12% |
$62.12 |
15% |
$80.91 |
20% |
$123.83 |