$20 at 7% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 7% interest, your initial investment of $20 will have grown to $28.05.
You will have earned $8.05 in interest.
How much will savings of $20 be worth in 5 years if invested at a 7.00% interest rate?
This calculator determines the future value of $20 invested for 5 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?"
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 7% Interest
| Year | Amount |
|---|---|
| 0 | $20.00 |
| 1 | $21.40 |
| 2 | $22.90 |
| 3 | $24.50 |
| 4 | $26.22 |
| 5 | $28.05 |
$20 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $21.02 |
| 2% | $22.08 |
| 3% | $23.19 |
| 4% | $24.33 |
| 5% | $25.53 |
| 6% | $26.76 |
| 8% | $29.39 |
| 10% | $32.21 |
| 12% | $35.25 |
| 15% | $40.23 |
| 20% | $49.77 |