$4 at 7% 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 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?"
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 $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 |