$3,000 at 7% Interest for 12 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 12 years at 7% interest, your initial investment of $3,000 will have grown to $6,757.
You will have earned $3,757 in interest.
How much will savings of $3,000 be worth in 12 years if invested at a 7.00% interest rate?
This calculator determines the future value of $3k invested for 12 years at a constant yield of 7.00% 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 7% Interest
| Year | Amount |
|---|---|
| 0 | $3,000 |
| 1 | $3,210 |
| 2 | $3,435 |
| 3 | $3,675 |
| 4 | $3,932 |
| 5 | $4,208 |
| 6 | $4,502 |
| 7 | $4,817 |
| 8 | $5,155 |
| 9 | $5,515 |
| 10 | $5,901 |
| 11 | $6,315 |
| 12 | $6,757 |
$3,000 for 12 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $3,380 |
| 2% | $3,805 |
| 3% | $4,277 |
| 4% | $4,803 |
| 5% | $5,388 |
| 6% | $6,037 |
| 8% | $7,555 |
| 10% | $9,415 |
| 12% | $11,688 |
| 15% | $16,051 |
| 20% | $26,748 |