$3 at 7% 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 7% interest, your initial investment of $3 will have grown to $11.61.
You will have earned $8.61 in interest.
How much will savings of $3 be worth in 20 years if invested at a 7.00% interest rate?
This calculator determines the future value of $3 invested for 20 years at a constant yield of 7.00% 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 $3 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $3.00 |
| 1 | $3.21 |
| 2 | $3.43 |
| 3 | $3.68 |
| 4 | $3.93 |
| 5 | $4.21 |
| 6 | $4.50 |
| 7 | $4.82 |
| 8 | $5.15 |
| 9 | $5.52 |
| 10 | $5.90 |
| 11 | $6.31 |
| 12 | $6.76 |
| 13 | $7.23 |
| 14 | $7.74 |
| 15 | $8.28 |
| 16 | $8.86 |
| 17 | $9.48 |
| 18 | $10.14 |
| 19 | $10.85 |
| 20 | $11.61 |
$3 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $3.66 |
| 2% | $4.46 |
| 3% | $5.42 |
| 4% | $6.57 |
| 5% | $7.96 |
| 6% | $9.62 |
| 8% | $13.98 |
| 10% | $20.18 |
| 12% | $28.94 |
| 15% | $49.10 |
| 20% | $115.01 |