$3,500 at 3% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 3% interest, your initial investment of $3,500 will have grown to $4,434.
You will have earned $934 in interest.
How much will savings of $3,500 be worth in 8 years if invested at a 3.00% interest rate?
This calculator determines the future value of $3.5k invested for 8 years at a constant yield of 3.00% 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 $3,500 at 3% Interest
| Year | Amount |
|---|---|
| 0 | $3,500 |
| 1 | $3,605 |
| 2 | $3,713 |
| 3 | $3,825 |
| 4 | $3,939 |
| 5 | $4,057 |
| 6 | $4,179 |
| 7 | $4,305 |
| 8 | $4,434 |
$3,500 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $3,790 |
| 2% | $4,101 |
| 3% | $4,434 |
| 4% | $4,790 |
| 5% | $5,171 |
| 6% | $5,578 |
| 8% | $6,478 |
| 10% | $7,503 |
| 12% | $8,666 |
| 15% | $10,707 |
| 20% | $15,049 |