$20,000 at 8% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
After investing for 15 years at 8% interest, your initial investment of $20,000 will have grown to $63,443.
You will have earned $43,443 in interest.
How much will savings of $20,000 be worth in 15 years if invested at a 8.00% interest rate?
This calculator determines the future value of $20k invested for 15 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 $20,000 at 8% Interest
Year |
Amount |
0 |
$20,000 |
1 |
$21,600 |
2 |
$23,328 |
3 |
$25,194 |
4 |
$27,210 |
5 |
$29,387 |
6 |
$31,737 |
7 |
$34,276 |
8 |
$37,019 |
9 |
$39,980 |
10 |
$43,178 |
11 |
$46,633 |
12 |
$50,363 |
13 |
$54,392 |
14 |
$58,744 |
15 |
$63,443 |
$20,000 for 15 Years by Interest Rate
Rate |
Amount |
1% |
$23,219 |
2% |
$26,917 |
3% |
$31,159 |
4% |
$36,019 |
5% |
$41,579 |
6% |
$47,931 |
8% |
$63,443 |
10% |
$83,545 |
12% |
$109,471 |
15% |
$162,741 |
20% |
$308,140 |