$3 at 8% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
After investing for 5 years at 8% interest, your initial investment of $3 will have grown to $4.41.
You will have earned $1.41 in interest.
How much will savings of $3 be worth in 5 years if invested at a 8.00% interest rate?
This calculator determines the future value of $3 invested for 5 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 $3 at 8% Interest
Year |
Amount |
0 |
$3.00 |
1 |
$3.24 |
2 |
$3.50 |
3 |
$3.78 |
4 |
$4.08 |
5 |
$4.41 |
$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 |