$2,000 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 $2,000 will have grown to $2,805.
You will have earned $805 in interest.
How much will savings of $2,000 be worth in 5 years if invested at a 7.00% interest rate?
This calculator determines the future value of $2k 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 $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 |
$2,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $2,102 |
| 2% | $2,208 |
| 3% | $2,319 |
| 4% | $2,433 |
| 5% | $2,553 |
| 6% | $2,676 |
| 8% | $2,939 |
| 10% | $3,221 |
| 12% | $3,525 |
| 15% | $4,023 |
| 20% | $4,977 |