$24,000 at 9% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 9% interest, your initial investment of $24,000 will have grown to $134,506.
You will have earned $110,506 in interest.
How much will savings of $24,000 be worth in 20 years if invested at a 9.00% interest rate?
This calculator determines the future value of $24k invested for 20 years at a constant yield of 9.00% 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 $24,000 at 9% Interest
| Year | Amount |
|---|---|
| 0 | $24,000 |
| 1 | $26,160 |
| 2 | $28,514 |
| 3 | $31,081 |
| 4 | $33,878 |
| 5 | $36,927 |
| 6 | $40,250 |
| 7 | $43,873 |
| 8 | $47,822 |
| 9 | $52,125 |
| 10 | $56,817 |
| 11 | $61,930 |
| 12 | $67,504 |
| 13 | $73,579 |
| 14 | $80,201 |
| 15 | $87,420 |
| 16 | $95,287 |
| 17 | $103,863 |
| 18 | $113,211 |
| 19 | $123,400 |
| 20 | $134,506 |
$24,000 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $29,285 |
| 2% | $35,663 |
| 3% | $43,347 |
| 4% | $52,587 |
| 5% | $63,679 |
| 6% | $76,971 |
| 8% | $111,863 |
| 10% | $161,460 |
| 12% | $231,511 |
| 15% | $392,797 |
| 20% | $920,102 |