$40 at 7% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 7% interest, your initial investment of $40 will have grown to $110.36.
You will have earned $70.36 in interest.
How much will savings of $40 be worth in 15 years if invested at a 7.00% interest rate?
This calculator determines the future value of $40 invested for 15 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 $40 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $40.00 |
| 1 | $42.80 |
| 2 | $45.80 |
| 3 | $49.00 |
| 4 | $52.43 |
| 5 | $56.10 |
| 6 | $60.03 |
| 7 | $64.23 |
| 8 | $68.73 |
| 9 | $73.54 |
| 10 | $78.69 |
| 11 | $84.19 |
| 12 | $90.09 |
| 13 | $96.39 |
| 14 | $103.14 |
| 15 | $110.36 |
$40 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $46.44 |
| 2% | $53.83 |
| 3% | $62.32 |
| 4% | $72.04 |
| 5% | $83.16 |
| 6% | $95.86 |
| 8% | $126.89 |
| 10% | $167.09 |
| 12% | $218.94 |
| 15% | $325.48 |
| 20% | $616.28 |