$4,000 at 6% 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 6% interest, your initial investment of $4,000 will have grown to $6,375.
You will have earned $2,375 in interest.
How much will savings of $4,000 be worth in 8 years if invested at a 6.00% interest rate?
This calculator determines the future value of $4k invested for 8 years at a constant yield of 6.00% 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 $4,000 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $4,000 |
| 1 | $4,240 |
| 2 | $4,494 |
| 3 | $4,764 |
| 4 | $5,050 |
| 5 | $5,353 |
| 6 | $5,674 |
| 7 | $6,015 |
| 8 | $6,375 |
$4,000 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $4,331 |
| 2% | $4,687 |
| 3% | $5,067 |
| 4% | $5,474 |
| 5% | $5,910 |
| 6% | $6,375 |
| 8% | $7,404 |
| 10% | $8,574 |
| 12% | $9,904 |
| 15% | $12,236 |
| 20% | $17,199 |