$3 at 9% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 9% interest, your initial investment of $3 will have grown to $5.98.
You will have earned $2.98 in interest.
How much will savings of $3 be worth in 8 years if invested at a 9.00% interest rate?
This calculator determines the future value of $3 invested for 8 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?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $3 at 9% Interest
Year |
Amount |
0 |
$3.00 |
1 |
$3.27 |
2 |
$3.56 |
3 |
$3.89 |
4 |
$4.23 |
5 |
$4.62 |
6 |
$5.03 |
7 |
$5.48 |
8 |
$5.98 |
$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 |