$4,000 at 8% 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 8% interest, your initial investment of $4,000 will have grown to $7,404.
You will have earned $3,404 in interest.
How much will savings of $4,000 be worth in 8 years if invested at a 8.00% interest rate?
This calculator determines the future value of $4k invested for 8 years at a constant yield of 8.00% 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 8% Interest
| Year | Amount |
|---|---|
| 0 | $4,000 |
| 1 | $4,320 |
| 2 | $4,666 |
| 3 | $5,039 |
| 4 | $5,442 |
| 5 | $5,877 |
| 6 | $6,347 |
| 7 | $6,855 |
| 8 | $7,404 |
$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 |