$2,000 at 5% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 5% interest, your initial investment of $2,000 will have grown to $2,955.
You will have earned $955 in interest.
How much will savings of $2,000 be worth in 8 years if invested at a 5.00% interest rate?
This calculator determines the future value of $2k invested for 8 years at a constant yield of 5.00% 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 $2,000 at 5% Interest
Year |
Amount |
0 |
$2,000 |
1 |
$2,100 |
2 |
$2,205 |
3 |
$2,315 |
4 |
$2,431 |
5 |
$2,553 |
6 |
$2,680 |
7 |
$2,814 |
8 |
$2,955 |
$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 |