$20 at 7% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
After investing for 3 years at 7% interest, your initial investment of $20 will have grown to $24.50.
You will have earned $4.50 in interest.
How much will savings of $20 be worth in 3 years if invested at a 7.00% interest rate?
This calculator determines the future value of $20 invested for 3 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 |
$20 for 3 Years by Interest Rate
Rate |
Amount |
1% |
$20.61 |
2% |
$21.22 |
3% |
$21.85 |
4% |
$22.50 |
5% |
$23.15 |
6% |
$23.82 |
8% |
$25.19 |
10% |
$26.62 |
12% |
$28.10 |
15% |
$30.42 |
20% |
$34.56 |