$2,000 at 8% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 8% interest, your initial investment of $2,000 will have grown to $9,322.
You will have earned $7,322 in interest.
How much will savings of $2,000 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $2k invested for 20 years at a constant yield of 8.00% 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 8% Interest
Year |
Amount |
0 |
$2,000 |
1 |
$2,160 |
2 |
$2,333 |
3 |
$2,519 |
4 |
$2,721 |
5 |
$2,939 |
6 |
$3,174 |
7 |
$3,428 |
8 |
$3,702 |
9 |
$3,998 |
10 |
$4,318 |
11 |
$4,663 |
12 |
$5,036 |
13 |
$5,439 |
14 |
$5,874 |
15 |
$6,344 |
16 |
$6,852 |
17 |
$7,400 |
18 |
$7,992 |
19 |
$8,631 |
20 |
$9,322 |
$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 |