$3,000 at 8% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
After investing for 15 years at 8% interest, your initial investment of $3,000 will have grown to $9,517.
You will have earned $6,517 in interest.
How much will savings of $3,000 be worth in 15 years if invested at a 8.00% interest rate?
This calculator determines the future value of $3k invested for 15 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?"
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 |
11 |
$6,995 |
12 |
$7,555 |
13 |
$8,159 |
14 |
$8,812 |
15 |
$9,517 |
$3,000 for 15 Years by Interest Rate
Rate |
Amount |
1% |
$3,483 |
2% |
$4,038 |
3% |
$4,674 |
4% |
$5,403 |
5% |
$6,237 |
6% |
$7,190 |
8% |
$9,517 |
10% |
$12,532 |
12% |
$16,421 |
15% |
$24,411 |
20% |
$46,221 |