$3,000 at 5% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 5% interest, your initial investment of $3,000 will have grown to $7,960.
You will have earned $4,960 in interest.
How much will savings of $3,000 be worth in 20 years if invested at a 5.00% interest rate?
This calculator determines the future value of $3k invested for 20 years at a constant yield of 5.00% 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 5% Interest
Year |
Amount |
0 |
$3,000 |
1 |
$3,150 |
2 |
$3,308 |
3 |
$3,473 |
4 |
$3,647 |
5 |
$3,829 |
6 |
$4,020 |
7 |
$4,221 |
8 |
$4,432 |
9 |
$4,654 |
10 |
$4,887 |
11 |
$5,131 |
12 |
$5,388 |
13 |
$5,657 |
14 |
$5,940 |
15 |
$6,237 |
16 |
$6,549 |
17 |
$6,876 |
18 |
$7,220 |
19 |
$7,581 |
20 |
$7,960 |
$3,000 for 20 Years by Interest Rate
Rate |
Amount |
1% |
$3,661 |
2% |
$4,458 |
3% |
$5,418 |
4% |
$6,573 |
5% |
$7,960 |
6% |
$9,621 |
8% |
$13,983 |
10% |
$20,182 |
12% |
$28,939 |
15% |
$49,100 |
20% |
$115,013 |