$2,000 at 3% 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 3% interest, your initial investment of $2,000 will have grown to $2,534.
You will have earned $534 in interest.
How much will savings of $2,000 be worth in 8 years if invested at a 3.00% interest rate?
This calculator determines the future value of $2k invested for 8 years at a constant yield of 3.00% 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 3% Interest
| Year | Amount |
|---|---|
| 0 | $2,000 |
| 1 | $2,060 |
| 2 | $2,122 |
| 3 | $2,185 |
| 4 | $2,251 |
| 5 | $2,319 |
| 6 | $2,388 |
| 7 | $2,460 |
| 8 | $2,534 |
$2,000 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $2,166 |
| 2% | $2,343 |
| 3% | $2,534 |
| 4% | $2,737 |
| 5% | $2,955 |
| 6% | $3,188 |
| 8% | $3,702 |
| 10% | $4,287 |
| 12% | $4,952 |
| 15% | $6,118 |
| 20% | $8,600 |