$30,000 at 8% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 3 years at 8% interest, your initial investment of $30,000 will have grown to $37,791.
You will have earned $7,791 in interest.
How much will savings of $30,000 be worth in 3 years if invested at a 8.00% interest rate?
This calculator determines the future value of $30k invested for 3 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 $30,000 at 8% Interest
| Year | Amount |
|---|---|
| 0 | $30,000 |
| 1 | $32,400 |
| 2 | $34,992 |
| 3 | $37,791 |
$30,000 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $30,909 |
| 2% | $31,836 |
| 3% | $32,782 |
| 4% | $33,746 |
| 5% | $34,729 |
| 6% | $35,730 |
| 8% | $37,791 |
| 10% | $39,930 |
| 12% | $42,148 |
| 15% | $45,626 |
| 20% | $51,840 |