$3 at 8% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 8% interest, your initial investment of $3 will have grown to $5.55.
You will have earned $2.55 in interest.
How much will savings of $3 be worth in 8 years if invested at a 8.00% interest rate?
This calculator determines the future value of $3 invested for 8 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?"
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 8% Interest
| Year | Amount |
|---|---|
| 0 | $3.00 |
| 1 | $3.24 |
| 2 | $3.50 |
| 3 | $3.78 |
| 4 | $4.08 |
| 5 | $4.41 |
| 6 | $4.76 |
| 7 | $5.14 |
| 8 | $5.55 |
$3 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $3.25 |
| 2% | $3.51 |
| 3% | $3.80 |
| 4% | $4.11 |
| 5% | $4.43 |
| 6% | $4.78 |
| 8% | $5.55 |
| 10% | $6.43 |
| 12% | $7.43 |
| 15% | $9.18 |
| 20% | $12.90 |