$3,000 at 8% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 10 years at 8% interest, your initial investment of $3,000 will have grown to $6,477.
You will have earned $3,477 in interest.
How much will savings of $3,000 be worth in 10 years if invested at a 8.00% interest rate?
This calculator determines the future value of $3k invested for 10 years at a constant yield of 8.00% 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 8% Interest
| Year | Amount |
|---|---|
| 0 | $3,000 |
| 1 | $3,240 |
| 2 | $3,499 |
| 3 | $3,779 |
| 4 | $4,081 |
| 5 | $4,408 |
| 6 | $4,761 |
| 7 | $5,141 |
| 8 | $5,553 |
| 9 | $5,997 |
| 10 | $6,477 |
$3,000 for 10 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $3,314 |
| 2% | $3,657 |
| 3% | $4,032 |
| 4% | $4,441 |
| 5% | $4,887 |
| 6% | $5,373 |
| 8% | $6,477 |
| 10% | $7,781 |
| 12% | $9,318 |
| 15% | $12,137 |
| 20% | $18,575 |