$300 at 6% 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 6% interest, your initial investment of $300 will have grown to $962.14.
You will have earned $662.14 in interest.
How much will savings of $300 be worth in 20 years if invested at a 6.00% interest rate?
This calculator determines the future value of $300 invested for 20 years at a constant yield of 6.00% 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 $300 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $300.00 |
| 1 | $318.00 |
| 2 | $337.08 |
| 3 | $357.30 |
| 4 | $378.74 |
| 5 | $401.47 |
| 6 | $425.56 |
| 7 | $451.09 |
| 8 | $478.15 |
| 9 | $506.84 |
| 10 | $537.25 |
| 11 | $569.49 |
| 12 | $603.66 |
| 13 | $639.88 |
| 14 | $678.27 |
| 15 | $718.97 |
| 16 | $762.11 |
| 17 | $807.83 |
| 18 | $856.30 |
| 19 | $907.68 |
| 20 | $962.14 |
$300 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $366.06 |
| 2% | $445.78 |
| 3% | $541.83 |
| 4% | $657.34 |
| 5% | $795.99 |
| 6% | $962.14 |
| 8% | $1,398 |
| 10% | $2,018 |
| 12% | $2,894 |
| 15% | $4,910 |
| 20% | $11,501 |