$3,000 at 5% 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 5% interest, your initial investment of $3,000 will have grown to $4,432.
You will have earned $1,432 in interest.
How much will savings of $3,000 be worth in 8 years if invested at a 5.00% interest rate?
This calculator determines the future value of $3k invested for 8 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?"
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 $3,000 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 |
$3,000 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $3,249 |
| 2% | $3,515 |
| 3% | $3,800 |
| 4% | $4,106 |
| 5% | $4,432 |
| 6% | $4,782 |
| 8% | $5,553 |
| 10% | $6,431 |
| 12% | $7,428 |
| 15% | $9,177 |
| 20% | $12,899 |