$24,000 at 9% 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 9% interest, your initial investment of $24,000 will have grown to $36,927.
You will have earned $12,927 in interest.
How much will savings of $24,000 be worth in 5 years if invested at a 9.00% interest rate?
This calculator determines the future value of $24k invested for 5 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 |
$24,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $25,224 |
| 2% | $26,498 |
| 3% | $27,823 |
| 4% | $29,200 |
| 5% | $30,631 |
| 6% | $32,117 |
| 8% | $35,264 |
| 10% | $38,652 |
| 12% | $42,296 |
| 15% | $48,273 |
| 20% | $59,720 |