$20,000 at 1% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 10 years at 1% interest, your initial investment of $20,000 will have grown to $22,092.
You will have earned $2,092 in interest.
How much will savings of $20,000 be worth in 10 years if invested at a 1.00% interest rate?
This calculator determines the future value of $20k invested for 10 years at a constant yield of 1.00% 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 $20,000 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $20,000 |
| 1 | $20,200 |
| 2 | $20,402 |
| 3 | $20,606 |
| 4 | $20,812 |
| 5 | $21,020 |
| 6 | $21,230 |
| 7 | $21,443 |
| 8 | $21,657 |
| 9 | $21,874 |
| 10 | $22,092 |
$20,000 for 10 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $22,092 |
| 2% | $24,380 |
| 3% | $26,878 |
| 4% | $29,605 |
| 5% | $32,578 |
| 6% | $35,817 |
| 8% | $43,178 |
| 10% | $51,875 |
| 12% | $62,117 |
| 15% | $80,911 |
| 20% | $123,835 |