$20,000 at 3% 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 3% interest, your initial investment of $20,000 will have grown to $23,185.
You will have earned $3,185 in interest.
How much will savings of $20,000 be worth in 5 years if invested at a 3.00% interest rate?
This calculator determines the future value of $20k invested for 5 years at a constant yield of 3.00% 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 3% Interest
| Year | Amount |
|---|---|
| 0 | $20,000 |
| 1 | $20,600 |
| 2 | $21,218 |
| 3 | $21,855 |
| 4 | $22,510 |
| 5 | $23,185 |
$20,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $21,020 |
| 2% | $22,082 |
| 3% | $23,185 |
| 4% | $24,333 |
| 5% | $25,526 |
| 6% | $26,765 |
| 8% | $29,387 |
| 10% | $32,210 |
| 12% | $35,247 |
| 15% | $40,227 |
| 20% | $49,766 |