$3,000 at 7% Interest for 30 Years
How much money will your investment be worth if you let the interest grow?
After investing for 30 years at 7% interest, your initial investment of $3,000 will have grown to $22,837.
You will have earned $19,837 in interest.
How much will savings of $3,000 be worth in 30 years if invested at a 7.00% interest rate?
This calculator determines the future value of $3k invested for 30 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?"
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 |
13 |
$7,230 |
14 |
$7,736 |
15 |
$8,277 |
16 |
$8,856 |
17 |
$9,476 |
18 |
$10,140 |
19 |
$10,850 |
20 |
$11,609 |
21 |
$12,422 |
22 |
$13,291 |
23 |
$14,222 |
24 |
$15,217 |
25 |
$16,282 |
26 |
$17,422 |
27 |
$18,642 |
28 |
$19,947 |
29 |
$21,343 |
30 |
$22,837 |
$3,000 for 30 Years by Interest Rate
Rate |
Amount |
1% |
$4,044 |
2% |
$5,434 |
3% |
$7,282 |
4% |
$9,730 |
5% |
$12,966 |
6% |
$17,230 |
8% |
$30,188 |
10% |
$52,348 |
12% |
$89,880 |
15% |
$198,635 |
20% |
$712,129 |