$2,000 at 7% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 7% interest, your initial investment of $2,000 will have grown to $7,739.
You will have earned $5,739 in interest.
How much will savings of $2,000 be worth in 20 years if invested at a 7.00% interest rate?
This calculator determines the future value of $2k invested for 20 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 $2,000 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $2,000 |
| 1 | $2,140 |
| 2 | $2,290 |
| 3 | $2,450 |
| 4 | $2,622 |
| 5 | $2,805 |
| 6 | $3,001 |
| 7 | $3,212 |
| 8 | $3,436 |
| 9 | $3,677 |
| 10 | $3,934 |
| 11 | $4,210 |
| 12 | $4,504 |
| 13 | $4,820 |
| 14 | $5,157 |
| 15 | $5,518 |
| 16 | $5,904 |
| 17 | $6,318 |
| 18 | $6,760 |
| 19 | $7,233 |
| 20 | $7,739 |
$2,000 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $2,440 |
| 2% | $2,972 |
| 3% | $3,612 |
| 4% | $4,382 |
| 5% | $5,307 |
| 6% | $6,414 |
| 8% | $9,322 |
| 10% | $13,455 |
| 12% | $19,293 |
| 15% | $32,733 |
| 20% | $76,675 |