$3,000 at 2% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
After investing for 5 years at 2% interest, your initial investment of $3,000 will have grown to $3,312.
You will have earned $312 in interest.
How much will savings of $3,000 be worth in 5 years if invested at a 2.00% interest rate?
This calculator determines the future value of $3k invested for 5 years at a constant yield of 2.00% 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 $3,000 at 2% Interest
Year |
Amount |
0 |
$3,000 |
1 |
$3,060 |
2 |
$3,121 |
3 |
$3,184 |
4 |
$3,247 |
5 |
$3,312 |
$3,000 for 5 Years by Interest Rate
Rate |
Amount |
1% |
$3,153 |
2% |
$3,312 |
3% |
$3,478 |
4% |
$3,650 |
5% |
$3,829 |
6% |
$4,015 |
8% |
$4,408 |
10% |
$4,832 |
12% |
$5,287 |
15% |
$6,034 |
20% |
$7,465 |