$3 at 7% 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 7% interest, your initial investment of $3 will have grown to $4.21.
You will have earned $1.21 in interest.
How much will savings of $3 be worth in 5 years if invested at a 7.00% interest rate?
This calculator determines the future value of $3 invested for 5 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 |
$3 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $3.15 |
| 2% | $3.31 |
| 3% | $3.48 |
| 4% | $3.65 |
| 5% | $3.83 |
| 6% | $4.01 |
| 8% | $4.41 |
| 10% | $4.83 |
| 12% | $5.29 |
| 15% | $6.03 |
| 20% | $7.46 |