$4 at 7% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 7% interest, your initial investment of $4 will have grown to $6.87.
You will have earned $2.87 in interest.
How much will savings of $4 be worth in 8 years if invested at a 7.00% interest rate?
This calculator determines the future value of $4 invested for 8 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 $4 at 7% Interest
Year |
Amount |
0 |
$4.00 |
1 |
$4.28 |
2 |
$4.58 |
3 |
$4.90 |
4 |
$5.24 |
5 |
$5.61 |
6 |
$6.00 |
7 |
$6.42 |
8 |
$6.87 |
$4 for 8 Years by Interest Rate
Rate |
Amount |
1% |
$4.33 |
2% |
$4.69 |
3% |
$5.07 |
4% |
$5.47 |
5% |
$5.91 |
6% |
$6.38 |
8% |
$7.40 |
10% |
$8.57 |
12% |
$9.90 |
15% |
$12.24 |
20% |
$17.20 |