$2,000 at 1% Interest for 12 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 12 years at 1% interest, your initial investment of $2,000 will have grown to $2,254.
You will have earned $254 in interest.
How much will savings of $2,000 be worth in 12 years if invested at a 1.00% interest rate?
This calculator determines the future value of $2k invested for 12 years at a constant yield of 1.00% 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 $2,000 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $2,000 |
| 1 | $2,020 |
| 2 | $2,040 |
| 3 | $2,061 |
| 4 | $2,081 |
| 5 | $2,102 |
| 6 | $2,123 |
| 7 | $2,144 |
| 8 | $2,166 |
| 9 | $2,187 |
| 10 | $2,209 |
| 11 | $2,231 |
| 12 | $2,254 |
$2,000 for 12 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $2,254 |
| 2% | $2,536 |
| 3% | $2,852 |
| 4% | $3,202 |
| 5% | $3,592 |
| 6% | $4,024 |
| 8% | $5,036 |
| 10% | $6,277 |
| 12% | $7,792 |
| 15% | $10,701 |
| 20% | $17,832 |