$40 at 1% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 1% interest, your initial investment of $40 will have grown to $48.81.
You will have earned $8.81 in interest.
How much will savings of $40 be worth in 20 years if invested at a 1.00% interest rate?
This calculator determines the future value of $40 invested for 20 years at a constant yield of 1.00% 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 $40 at 1% Interest
Year |
Amount |
0 |
$40.00 |
1 |
$40.40 |
2 |
$40.80 |
3 |
$41.21 |
4 |
$41.62 |
5 |
$42.04 |
6 |
$42.46 |
7 |
$42.89 |
8 |
$43.31 |
9 |
$43.75 |
10 |
$44.18 |
11 |
$44.63 |
12 |
$45.07 |
13 |
$45.52 |
14 |
$45.98 |
15 |
$46.44 |
16 |
$46.90 |
17 |
$47.37 |
18 |
$47.85 |
19 |
$48.32 |
20 |
$48.81 |
$40 for 20 Years by Interest Rate
Rate |
Amount |
1% |
$48.81 |
2% |
$59.44 |
3% |
$72.24 |
4% |
$87.64 |
5% |
$106.13 |
6% |
$128.29 |
8% |
$186.44 |
10% |
$269.10 |
12% |
$385.85 |
15% |
$654.66 |
20% |
$1,534 |